Fortinet Up Nicely On Earnings. Looks A Bit Too Expensive.

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

It is one of those hot IT spots in demand by Governments and Businesses alike and will probably only increase in importance over the years.

Fortinet had a good pump on earnings, but I'd like to see it come back down closer to its 20 day moving average, or under 65 on its RSI before I'd start looking at entries.

Might be a good long term buy and hold in theory if you like the idea of the business and the space that it is in.

Worth keeping an eye on and doing your own due diligence if you like it.

Comment:

How To: Trailing Stop Loss - An 11% trail would have kept you in the trade for most of this period.

I should have mentioned above that it is just passed earnings so that could help it keep going in the absence of any negative news.

Comment:

Got our nice deep pullback into a value area, and off and running again.