Palo Alto Networks Stock Hits 80-Plus RS Rating, 85% Jump In 2 Months
Summary
And on Tuesday, Palo Alto Networks (PANW) saw its IBD Relative Strength (RS) Rating, climb to 82, up from 75. Nikesh Arora, chairman and CEO of Palo Alto Networks, in the earnings news release noted that markets will likely continue to be unstable and erratic over the next 12 months. "Palo Alto Networks is well positioned to leverage the acceleration of these trends," Arora said, "with our significant and ongoing investments to transform our company into a multiproduct, integrated platform provider of cybersecurity solutions. See How IBD Helps You Make More Money In Stocks Palo Alto Networks is not currently showing a potential entry point. IBDs proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stocks price action over the last 52 weeks matches up against the rest of the market.
