Nov. 26 at 4:14 PM
$ZS Brutal selling. Still up 55% from 52 week low, but now -24% off the 52 week high.
[UGLY]
■ Broke under all (20, 50, 100, 200) moving averages.
■ 20 dma is about cross down 50 dma
■ MACD is below zero line and has bearish signal
■ Stretching and falling outside of lower Bollinger Band
[UGLY]
■ RSI is oversold at 29
■ Filled the near
$254 gap from back in May
■ Volume is double the daily average, so it's not a massive selling
Near
$215 to
$220 might be strong support for entry, but that's still -15%, so I'm not sure it'll get there.
Prior to ER the average target price by 49 analysts were
$331 (30% upside), but I'm sure it'll be lowered with new targets coming out in next few days.
On my definite buy watch list...just waiting for some reversal signals to form.
$PANW $SSE $FTNT $NET