Palo Alto Networks Stock Could Rally

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After we have a look at the Palo Alto Networks (NASDAQ:) chart, we see its rise from the $480 stage to the $510 vary throughout final week, however then the slow-paced retraction again in direction of the $460 vary the place help was fashioned.

Then adopted a giant spike on Feb. 25, rising from the help and breaking by means of the resistance beforehand fashioned on the $510 stage, and rallying nicely into the $560 vary.

This response was primarily because of elevated curiosity by buyers for cybersecurity-related firms, as cyber warfare issues associated to the Russian invasion heightened.

It was final discovered buying and selling on the $569 vary after a powerful run and a robust shut on Friday’s session, having the closest help stage at $510.

Immediately we are able to count on a transfer in direction of the $600 worth stage. If, nonetheless, it doesn’t handle to carry on to the present stage, then a transfer near the $515 help will be anticipated.

Palo Alto Networks inventory worth chart.

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