InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • This Head & Shoulders Pattern On PANW Is A Screaming Trade 0 comments
    May 15, 2014 10:42 AM | about stocks: PANW

    here is nobody defending the maker of security software, Palo Alto Networks Inc. (NYSE:PANW). This high flying stock has been in a steady decline since it made an all time high back on March 18, 2014. You can lump this name in with other momentum stocks that were all the rage in 2013 and just as recently as a couple months ago.

    Palo Alto Networks Inc. (NYSE:PANW) chart has triggered a head and shoulders pattern on its weekly chart. If this pattern plays out in full, then this stock has a target of roughly $38. That would mean there would be about a 36% decline from current levels, in addition to the 27% drop that Palo Alto Networks Inc. (NYSE:PANW) has already suffered.

    That is quite a fall from grace for Palo Alto Networks Inc. (NYSE:PANW). This is the type chart that short sellers could potentially profit from in a big way.

    Parm Mann,

    (click to enlarge)

    Stocks: PANW
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.