PANW – 2 Buy Price Points

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Dec 27, 2021 05:31 AM 0 Answers
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I see $559.54 buy point for PANW in your "Watch List/actionable Items" and $495.92 buy point in the Technology List. Why the discrepancy between these? Thanks for all the Information and details you provide - Tony

Tony,

PANW has formed a flat base pattern with a new buy point of $559.54. The old buy point was a flat base pattern and a $495.92 pattern. The conviction list buy point needs to be updated.

The stock is not giving us much of an opportunity to get in. It is respecting its moving averages. Even when the markets corrected in September that stock just went sideways and displayed relative strength. It has been the leading stock in the cybersecurity space sine its August earnings report.

Regards,

Marty

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