Fortinet, Inc. (FTNT) is one of the super and best stock to buy as of April 7, 2019. It’s a big cap growth stocks with strong fundamentals and technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had a slow, but steady run ups for most part of 2017-2018.
3. The run ups also followed by solid consolidations.
4. The stock found support at the 50 day moving average line, during the run up.
5. The stock had a quick, but a solid surge after that.
6. The stock had a wild consolidation in later 2018, along with the broader market and formed a cup chart formation.
7. The stock consolidations appear to be handle of the cup.
8. The stock also found support at the 50 DMA.
9. The volume was running closer to average.
10. The buy point would be $88.70 – $93.14.
