Give Palo Alto Networks the Benefit of Doubt - For Now

We discussed Palo Alto Networks (PANW) earlier this month. PANW was upgraded on the "Street" and prices are moving up smartly this morning, but let's review the indicators coming into today to see if a new course is being plotted.

In this daily bar chart of PANW, below, we can see that since early May PANW has been trading above the flat 50-day moving average line. Strength today could go a long way to establishing an uptrend. Strength above $124 would mean that we have the simple definition of an uptrend -- higher highs and higher lows. This uptrend is not yet significant in that it hasn't been tested much and its duration is short. The 200-day moving average line is still in a downtrend and well above the current market. ...196 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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