As you may remember, Palo Alto Networks (PANW) is one of the greatest stocks of the past decade.
Here is a long-term chart:
Remember, the teal lines on the chart show the profitable runs any trader could have gotten in on by using the long term strategy available for free in the P.S. down below.
As you can see, it’s gone from $20 to $250 in a pretty short period of time.
And how do we know what stocks might go up in the future?
Just look at the ones that have already achieved big moves.
PANW is definitely that.
And PANW’s sector is hot.
And it’s nearing a new breakout point as we speak.
A move above $258.90 could lead to a nice run.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
