PANW in danger of losing 200DMA at 161.33

6 0 1
Yesterday, PANW             closed below its 200DMA for the 7th time since August's market correction. Prior to August, the last time the stock closed below its 200DMA was December 2013!! That speaks to just how significant a reversal in sentiment we've seen. That said, short interest has steadily declined. So while investors may not want to own the stock - it's expensive, trading at 14x sales, down from 16x, they certainly aren't willing to bet against it. Competitors, including Checkpoint and FireEye             have reported weak guidance, which has weighed on the entire sector. PANW             is the best of breed and will once again prove so with its next earnings report on November 23rd.

All that said, the technicals are falling apart and if the stock doesn't regain its 200DMA, both 150 and 140.40 (August's low) will be in play. I'd sit on side for another week and look to get long as the stock runs up into and especially, through earnings .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out