Long Position on PANW @ $190.00 on 4/5/2018 (Momentum)

Bullish Cup & Handle on PANWPalo Alto Networks, Inc. (PANW) provides security platform solutions worldwide.

Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber-attacks that exploit software vulnerabilities on various fixed, mobile, and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and auto

The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.mated delivery of preventative measures against cyber-attacks.

It also offers subscription services covering the areas of threat prevention, uniform resource locator filtering, malware and persistent threat, laptop and mobile device protection, and firewall, as well as cyber-attack, threat intelligence, and content control. In addition, the company provides support services; and professional services, including application traffic management, solution design and planning, configuration, and firewall migration, as well as online and classroom-style education training services.

Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. 

Shares escaped most of the recent market selloff. Shares have formed a bullish "cup and handle" and higher share prices are expected. Note the 50-day moving average.

 

52-weeks Trading Range: $107.31 - $191.53

Entry Point: $190.00

Stop Loss: $180.00

Target Price: $209.00

Updates

5/24/2018 10:23:26 AM

PANW closed at $209.00

Position closed on 5/24/2018 at price of $209.00 with a 10.00% gain in 49 days.

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