SmarTrend identified an Uptrend for Fortinet (NASDAQ:FTNT) on December 18th, 2012 at $21.34. In approximately 2 months, Fortinet has returned 14.55% as of today's recent price of $24.44.

Fortinet share prices have moved between a 52-week high of $28.82 and a 52-week low of $17.53 and are now trading 38% above that low price at $24.26 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.

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 shifts in the trajectory of Fortinet shares.

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