day - swing odds. First target will be $40 area and it is based on 60 min consolidation and triangle what we can see on the chart
ABOVE 40 , WILL ADD TO POSITION LOVE THE SECTOR
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...
I would love it if this trades sideways a bit longer.
Broke out of this consolidation in AH after announcement that it will join S&P MidCap 400. Keep an eye on this network security play.