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After Yesterday's Rally of 1.18% Shares Could Potentially Pullback

By James Quinn

Palo Alto Networ (NYSE:PANW) traded in a range yesterday that spanned from a low of $130.10 to a high of $131.75. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $130.59 on volume of 384,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Palo Alto Networ and will alert subscribers who have PANW in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Palo Alto Networ have traded between a low of $107.31 and a high of $165.69 and are now at $131.34, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.9%.

Keywords: rebounders palo alto networ

Ticker(s): PANW