Well, that changed in a hurry.
Again.
Not that long ago, we saw huge down days totally out of the blue and everyone thought the sky was falling.
Now, with retail sales up and possible rate cuts on the horizon, the “soft landing” everyone wants now seems within reach.
And former high-flying stocks that have been beaten down are rising once again.
Fortinet (FTNT) is in that group.
Here’s the chart:
We were looking for a breakout earlier on FTNT.
Now it looks like it might be ready to do it.
A break above $74.70 could lead to a big move.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
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