andrew.berg
Long

PANW gapped up and held, could continue after some rest

NYSE:PANW   PALO ALTO NETWORKS INC
PANW             gapped up on earnings but erased part of gains. On the 2nd day it bounced from gap pivot point . So, $72.86-$73.00 could be new point of reference. The longer it will hold above the more attractive it will stay for active traders for another leg up. Before earnings it broke up descending channel and caught momentum up.

In late November 2013 it also gapped up on earnings and held $48 with couple of inside days then wnt through $50.
This pattern may repeat now but this time we have higher levels and higher valuation (less potential)
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