Cyber Software Name Coiling for Breakout to Highs
Fortinet (FTNT) shares of the software name are coiling tightly as it continues so show great relative strength since its earnings gap up and has since been in a earnings drift move that tends to just grind higher. FTNT has room to breakout above 75 and target the 80 zone which would retest the former highs from mid-2023. FTNT still has the large 1500 December $70 calls holding in OI from a buyer on 8/8.
