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Palo Alto Networ Crosses Below its 10-day MA (PANW)

By Nick Russo

Palo Alto Networ (NYSE:PANW) shares have crossed bearishly below their 10-day moving average of $246.84 on a volume of 107K 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.

Palo Alto Networ share prices have moved between a 52-week high of $260.63 and a 52-week low of $160.08 and are now trading 53% above that low price at $244.20 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Palo Alto Networ on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $184.07. Since that recommendation, shares of Palo Alto Networ have risen 34.6%. We continue to monitor PANW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses palo alto networ

Ticker(s): PANW