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Can Fortinet Stock Overcome This Resistance Level?
FTNTFortinet(FTNT) Schaeffers Research·2024-03-18 18:48

Fortinet Inc (NASDAQ:FTNT) stock is up 2% at 68.06atlastcheck,asittradeswithinonestandarddeviationofits50daymovingaverage,ahistoricallybullishtrendlinethathasprovidedtailwindsinthepast.Thesharesalreadyboasta1668.06 at last check, as it trades within one standard deviation of its 50-day moving average, a historically bullish trendline that has provided tailwinds in the past. The shares already boast a 16% lead for 2024, and could soon make another run at a ceiling at the 74 level.  Per Schaeffer's Senior Quantitative Analyst Rocky White's data, the security saw at least two similar signals in the last three years, defined for this study as having traded north of this ...