FTNT (Fortinet, Inc.) Chart Analysis

Price has broken out once more on July 12th. Ideally, we would like to see price continue to the upside towards $70, followed by the figure 100.

This is a stock that I've been watching for a couple months now, and has been gaining bullish momentum despite overall market conditions. Price found very strong support @ $61, before the bullish momentum that resulted in the breakout. This signals a good indication of further strength.

Price is trading above the weekly and daily 200SMA, giving us a bullish bias on this pair. I will be watching closely to see what price does next.


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