Palo Alto Networks Resumes Uptrend with High Volume Signal
Network security company Palo Alto Networks is resuming its uptrend with a flag breakout on twice its average volume. PANW surged to a new high earlier this year and pulled back with a flag the last few weeks. Notice that broken resistance turned into support in the 58 area. The stock firmed with a harami on Monday-Tuesday and broke out on Thursday. This breakout signals a continuation of the bigger uptrend and projects a move to new highs.
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Palo Alto Networks Resumes Uptrend with High Volume Signal
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