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Bullish Moving Average Cross by Palo Alto Networ (PANW)

By Shiri Gupta

Today, shares of Palo Alto Networ (NYSE:PANW) have advanced above their 10-day MA of $145.73 on a volume of 132K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Palo Alto Networ have traded between a low of $125.47 and a high of $251.11 and are now at $146.27, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.5% while the 200-day MA has slid 0.8%.

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: moving crosses palo alto networ

Ticker(s): PANW