Long Position on PANW @ $84.55 on 8/20/2014 (Momentum)

Bullish Cup and Handle on PANWPalo Alto Networks (PANW) offers a network security platform in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

The company’s platform comprises Next-Generation Firewall that delivers application, user, and content visibility and control.

It delivers its platform in the form of a hardware or virtual appliance, and includes a suite of subscription services, as well as support and maintenance services.

The company’s products include firewall appliances; Panorama, a centralized security management solution for the global control of appliances deployed on an end-customer’s network as a virtual appliance or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with the appliance. Its subscription services include threat detection and prevention, URL filtering, laptop and mobile devices protection, and malware and threats protection.

The company also offers professional services, which include on-location planning, designing, and deployment of security solutions; application traffic management, solution design and planning, configuration, and firewall migration; and education services. Its platform enables enterprises, service providers, and government entities to identify, control, and safely enable applications running on their networks, as well as protect against cyber threats in real time.

The company serves the enterprise network security market, which consists of firewall, unified threat management, Web gateway, intrusion detection and prevention, and virtual private network technologies. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Week Trading Range: $40.36 - $87.79

Entry Point: $84.55

Stop Loss: $80.32

Target Price: $93.00

Updates

9/10/2014 12:38:08 PM

Taking Profits on PANW following its blow away earnings. Closed at $97.90.

Position closed on 9/8/2014 at price of $89.50 with a 5.85% gain in 19 days.

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