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Palo Alto Networ Bearish Moving Average Crossover Alert (PANW)

By James Quinn

Today, shares of Palo Alto Networ (NYSE:PANW) have crossed bearishly below their 10-day moving average of $204.29 on a volume of 367K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Palo Alto Networ have traded between a low of $160.08 and a high of $260.63 and are now at $199.75, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Palo Alto Networ on May 14th, 2019 by issuing a Downtrend alert when the shares were trading at $226.05. Since that call, shares of Palo Alto Networ have fallen 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses palo alto networ

Ticker(s): PANW