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Palo Alto Networ Set to Possibly Pullback After Yesterday's Rally of 1.64%

By Amy Schwartz

Palo Alto Networ (NYSE:PANW) traded in a range yesterday that spanned from a low of $212.50 to a high of $217.85. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $215.12 on volume of 404,000 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, Palo Alto Networ share prices have been bracketed by a low of $125.47 and a high of $251.11 and are now at $217.47, 73% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.

Keywords: rebounders palo alto networ

Ticker(s): PANW