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-0.000131164742917171 0.000262329485834156 0.000524658971668311 0.00190188877229795 0.00104931794333681 0.00104931794333681 0.00104931794333681 0.00104931794333681
Stock impact report

Long-Term Bullish Trendline Could Help Fortinet Stock Break Out [Forbes]

Fortinet, Inc. (FTNT) 
Last fortinet, inc. earnings: 2/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fortinet.com
Company Research Source: Forbes
Manufacturing (TSM). Though the shares are on track to snap their three-day losing streak, they still carry a 26.8% three-month deficit, and yesterday slipped to their lowest level in more than two months. Support at the $76 region -- which contained pullbacks in August, September, and November – remains in place, and now a long-term, historically bullish trendline could give FTNT the additional push it needs to break higher. According to Schaeffer's Senior Quantitative Analyst Rocky White, FTNT is within 3% of its 40-month moving average, after closing above this trendline for the past five months. This signal has occurred seven times over the last 20 years, after which the equity was higher one month 86% of the time with an average 3.1% pop. Three months later, Fortinet stock averaged an impressive 10.9% gain, with a 71%-win rate. This means that by spring the security could be trading back above $85. Monthly Chart of FTNT With 40-Month Moving Average LSEG Workspace Analysts Show less Read more
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