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

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Palo Alto Networ Falls 1.23% on Heavy Volume: Watch For Potential Rebound

Comtex SmarTrend(R) - Mon Aug 19, 11:55AM CDT

Palo Alto Networ (NYSE:PANW) traded in a range yesterday that spanned from a low of $193.34 to a high of $202.40. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $196.41 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Palo Alto Networ share prices have been bracketed by a low of $160.08 and a high of $260.63 and are now at $196.86, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend is monitoring the recent change of momentum in Palo Alto Networ. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Palo Alto Networ in search of a potential trend change.

Write to SmarTrend at cs@mysmartrend.com

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