Earnings top estimates but billings guidance misses expectations
PANW has been building a base on the weekly chart between approximately $200 and $260
After todays action, the price is right in the middle of that range at about $240 as shown on the below chart.
Because the weekly chart is still in an uptrend I have an alert on my system to notify me if the price closes above the range.
Once that happens and a fresh power signal has been generated on this page here, , PANW might be a great swing trade.
The sector as a whole is looking bullish as the potential for interest rate decreases becomes more of a possibility.
