Palo Alto Networks (PANW) Downtrend Breakout Shaping Up
Palo Alto Networks (PANW) name that has shown relative strength recently during the tech rout and now nearing a breakout of a downtrend above $520 with room to run above to $550. Shares pulled back to VWAP from the May 2021 earnings gap higher and put in a nice base and pivot higher. And, looking ready to run with momentum inflecting higher as MACD and RSI both near a bull cross.