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LLift-Off, with the March 15 close, detected a LONG trading signal on the stock of Palo Alto Networks Inc (Ticker: PANW) listed on the NASDAQ and part of the S&P500 index.
The stock closed at US$189.77 per share.
Given the very strong upward movement of the Nasdaq, one can try to enter long on this stock which faces period resistance strongly and has retraced less than its benchmark index.
Always beware of risk, as the market has sudden reversals.
Below chart of Palo Alto Networks Inc - PANW- with the signal detected by Lift-Off.
The company is in the cybersecurity industry, offering advanced protection solutions for networks, endpoints and cloud. Palo Alto Networks Inc is based in Santa Clara, California and was founded in 2005.
Next earnings release for Q3 2023: May 31, 2023
Financial Overview: PANW's current market capitalization is USD 55,619B. The next earnings release date for Palo Alto Networks, Inc is May 31. The estimate is $0.93 USD.
Accounts, including revenue, expenses, profit and loss: PANW's total revenue for the latest quarter is $1.66B USD, up 5.87% from the previous quarter. Net income in Q2 23 is 84.20M USD.
Overview data and accounts source: Tradingview.com
March 17, 2023 signal board
LONG - Palo Alto Networks Inc - PANW
Input price: $189.77 (and any opening price)
Please note that the signal chosen was identified from those detected by the Lift-Off indicator, which you can view in the "Signals" section of our site. However, we will NOT provide any guidance on how to handle the trade.
We recommend that you handle the trades as shown during our professional courses on using the platform, available at the following link: https://it.largetrader.com/eventi