FORTINET INC NASDAQ:​FTNT

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 ...

Towards the top of the channel. Look for a bounce towards bottom

FTNT is showing classic support and resistance level previus level of support was 36-37.5 previus level of resistance was 41 last weel price broke above 41 level and retested that area successfully price looking to retest old resistance at 44.7 and 46

FTNT Cup and Handle

Looks to me like a cup with handle pattern with a buy point of $38.27. I managed to buy in right at $38.27 when it moved with high volume. Keeping my stop at $36.73, I would love a 20% move to 46.25 but I'll be happy with just 10%

Short FTNT at $40 or at its rally.

FTNT is seems a good momentum pattern. It also running within a downward channel. Now of if it breaks out it can go all the way up to 36 & higher Trade Criteria Entry Target Criteria- Break of $32 Exit Target Criteria- $36 & Higher Stop Loss Criteria- N/A You can check detailed analysis on FTNT in the trading room/ Executive summary link ...

$38 marks a reversal a double top break on PNFchart and also enters new potential to achieve next FIB target.

Long Target $40+

Target $40

Target $40

Target $34

Target $25

This stock has gapped up on news and consolidated and now has moved through the resistance, would like to see more volume but could be start of upward move. For early entry now is the time, however manage risk if it comes back down into range exit trade. If you want to wait for re test can see if it bounces in a few days

FTNT only has data going back to 2009 and has been in consolidation for the majority of that time. However, it has a good volume of stock traded on a daily basis and is nicely priced at below $50 (making it cheaper to trade than more expensive stocks). Since breaking out above the 2012 pivot high ($28.82) in December 2014 price did retrace to retest this zone ...