Palo Alto Networks Stock Drops 3.6% With RSI in Oversold Territory
Photo: TokenPost
Palo Alto Networks shares fell 3.60% in a Saturday, Nov. 7 snapshot, with its 14-period RSI in oversold territory and the stock below its seven-, 20- and 50-day moving averages. The snapshot listed PANW at $314.56, near the lower Bollinger Band at $310.06. The stock was above immediate support at $307.35 but below the $320.49 pivot. PANW was below its seven-day simple moving average (SMA) of $337.27, 20-day SMA of $358.56 and 50-day SMA of $376.31. It was also below its 12-day exponential moving average (EMA) of $344.22 and 26-day EMA of $358.37. The RSI reading was 29.44.
Source: TokenPost
