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Palo Alto Networ: The Winning Streak Continues (PANW)

By Shiri Gupta

Palo Alto Networ (NYSE:PANW) traded today at a new 52-week high of $216.19. This new high was reached on below average trading volume as 313,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Palo Alto Networ (NYSE:PANW) is currently priced 5.8% above its average consensus analyst price target of $203.45. Palo Alto Networ shares have support at the 50-day moving average (MA) of $198.62 and additional support at the 200-day MA of $165.19.

Over the past year, Palo Alto Networ has traded in a range of $126.56 to $216.19 and is now at $215.87, 71% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.7%.

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.

SmarTrend is monitoring the recent change of momentum in Palo Alto Networ. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Palo Alto Networ in search of a potential trend change.

Keywords: 52 week high/lows palo alto networ

Ticker(s): PANW