Cabrera recorded six birdies to just one bogey to move past four others. Carl Pettersson (69), Ricardo Gonzalez (64), Graeme Storm (66) and Olle Karlsson (69) all share second place. Overnight leader Angel Franco now resides in a tie for eighth after a 2-over-par 72.
The 31-year-old Cabrera has notched four runner-up finishes, two thirds and 17 top-10s in his career; though, he is still in search of his first European Tour victory. Last year, he and mentor Eduardo Romero finished second to Tiger Woods and David Duval in the World Cup, which was also contested in Argentina.
Ranked 42nd in the world ' the highest ranked player in this weeks field ' Cabrera entered the event as the favorite; and hes yet to disappoint.
Whenever you play in a tournament the people and players have favorites to win, he said. Some people and players think I am one of the favorites and that is okay. Im hitting the ball strongly and hopefully things will happen.
Englands Storm is also seeking his first Tour title. The 23-year-old won the 1999 British Amateur Championship and earned his Tour card through last years Qualifying Tournament.
I won at every level as an amateur ' junior, college and then the European Amateur Championship last year, so I could win (this week), Graeme said. Its definitely going to be a learning experience this weekend and Im looking forward to the challenge.
Romero moved into contention by carding a 4-under-par 66. He now stands in a tie for eighth at 4-under for the event. Countryman and defending champion Vicente Fernandez is still alive. The 54-year-old shot 72 to fall into a tie for 44th at 1-over-par.
Full-Field Scores from Argentina Open