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Palo Alto Networks, Inc. (PANW) is one of the super and best stock to buy as of April 16, 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 was under consolidation in end of 2018.
3. Then the stock had great run.
4. The stock also found support at the 50 day moving average line.
5. Then the stock went into a quick consolidation.
6. The stock tried to rally back, but went into a deep down trend. It’s even lost the 50 DMA.
7. The stock had great upswing and recouped all the losses in early 2019.
8. The accumulation volume was also decent.
9. The stock appears to be in a consolidation, now.
10. The stock also finding support at the 50 DMA.
11. The buy point would be $250.36 – $263.36.
