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Palo Alto Networks - Chart of the Day

Topic: Stock Price Movements — Technical Analysis
May. 29 2015, 10:20 AM ET - by VF member vanmeerten (903 gold star (click for information on feedback))

Palo Alto Networks - Chart of the Day --

The Chart of the Day belongs to Palo Alto Networks (PANW). I found the stock by sorting the Top Signal Stocks for the best technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/14 the stock gained 8.24%.

Palo Alto Networks, Inc. offers a network security platform that allows enterprises, service providers, and government entities to secure their networks. The core of its platform is the Company's firewall that delivers natively integrated application, user, and content visibility and control through its operating system, hardware, and software architecture. It serves the enterprise network security market, which consists of Firewall, Unified Threat Management, Web Gateway, Intrusion Detection and Prevention, and Virtual Private Network technologies. Palo Alto Networks, Inc. is headquartered in Santa Clara, California.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report

Barchrat technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 8.68% in the last month
Relative Strength Index 67.70%
Barchart computes a technical support level at 158.63
Recently traded at 167.35 with a 50 day moving average of 150.24

Fundamental factors:

Market Cap $13.45 billion
Revenue expected to grow 50.30% this year and another 34.30% next year
Earnings estimated to increase 107.50% this year, an additional 90.40% next year and continue to increase at an annual rate of 49.40% for the next 5 years
Wall Street analysts issued 11 strong buy, 14 buy and 5 hold recommendations on the stock

The 20-50 day MACD Oscillator has been an extremely good technical trading strategy on this stock and should continue to be used to find entry and exit points.


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Palo Alto Networks - Chart of the Day