Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Palo Alto Networks: Who Said Technical Analysis Doesn't Work?


This stock could continue rallying based upon examination of the charts.

This article was originally published this morning on Jeff Cooper's Daily Market Report -- the definitive resource for the active trader. Click here for more information.

Palo Alto Networks (PANW) exploded to new highs today following a bottoming Tail last Thursday.

The tail coincided with a test of the rising 50 day moving average, and the test carved out a Third higher low from the May low.

Third higher lows often lead to fast moves.

PANW shows a first intraday pullback today setting up potential continuation.

See daily PANW here from May w/ 50 dma:

Twitter: @JeffCooperLive

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos