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Palo Alto Networks Inc (PANW-N) Quote - Press Release

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SmarTrend Watching for Potential Pullback in Shares of Palo Alto Networ After 2.69% Gain

Comtex SmarTrend(R) - Tue Aug 13, 12:20PM CDT

Palo Alto Networ (NYSE:PANW) traded in a range yesterday that spanned from a low of $216.68 to a high of $222.90. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $216.92 on volume of 407,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Palo Alto Networ share prices have moved between a 52-week high of $260.63 and a 52-week low of $160.08 and are now trading 39% above that low price at $222.37 per share. The 200-day and 50-day moving averages have moved 0.15% higher and 0.25% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Palo Alto Networ and will alert subscribers who have PANW in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at cs@mysmartrend.com

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