SmarTrend identified a Downtrend for Fortinet (NASDAQ:FTNT) on September 26th, 2012 at $24.49. In approximately 2 months, Fortinet has returned 19.54% as of today's recent price of $19.70.

In the past 52 weeks, Fortinet share prices have been bracketed by a low of $17.53 and a high of $28.82 and are now at $19.70, 12% above that low price. The 200-day and 50-day moving averages have moved 0.4% lower and 2.09% lower over the past week, respectively.

Fortinet Inc. provides network security solutions. The Company offers network security appliances and related software, and subscription services. Fortinet systems integrate the industry's broadest suite of security technologies, including firewall, VPN, antivirus, intrusion prevention (IPS), Web filtering, antispam, and traffic shaping.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Fortinet.

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