Bulls Bank Massive Profit on Cybersecurity Stock
Palo Alto(PANW) Schaeffers Research·2024-02-28 18:53
Subscribers to Schaeffer's Weekly Options Countdown Plus scored a 302% gain in only two days with our Palo Alto Networks Inc (NASDAQ:PANW) weekly 3/1 282.50-strike call recommendation. Below, we'll unpack the reasoning for the short-term bullish position on PANW.When we recommended this trade on Friday, Feb. 23, the cybersecurity stock had just suffered a post-earnings pullback. The drop sent the stock down to the 200-day moving average, but support came into play above this long-term trendline, with additi ...