Monday morning

Gator's Chart of the Day: PANW

Palo Alto Networks is one of jojo's favorites and he's been trading around a position in it since before he started hangin' with the Algo Fighters.  If you have been following his moves you should be ahead.  I hope you told him, "Thanks!"

The last time I said something about this stock it had just completed the W pattern.  Now that level (55) has become support.  The stock is now trading almost exclusively above the 20 day average and the 50 day has turned up.  With all of the news last week about internet security and the moves that PANW, FIRE and FTNT made I think this stock should be a part of a longer term portfolio.  Buying at support and selling a quarter to a half of the position when it gets extended should be a profitable arrangement.