• Return to Headlines

Palo Alto Networ Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Palo Alto Networ (NYSE:PANW) traded at a new 52-week high today of $239.45. Approximately 143,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Palo Alto Networ (NYSE:PANW) defies analysts with a current price ($238.60) 14.7% above its average consensus price target of $203.45. Palo Alto Networ shares have support at the 50-day moving average (MA) of $215.77 and additional support at the 200-day MA of $187.32.

Palo Alto Networks, Inc. provides network security solutions. The Company offers firewalls that identify and control applications, scan content to stop threats, prevent data leakage, integrated application, user, and content visibility. Palo Alto Networks serves customers worldwide.

In the past 52 weeks, shares of Palo Alto Networ have traded between a low of $135.85 and a high of $239.45 and are now at $238.60, which is 76% above that low price. The 200-day and 50-day moving averages have moved 0.69% higher and 0.81% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Palo Alto Networ on August 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $213.81. Since that recommendation, shares of Palo Alto Networ have risen 10.5%. We continue to monitor PANW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows palo alto networ

Ticker(s): PANW