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Palo Alto Networks Is Quoted above the Moving Averages

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Shareholder returns and stock trends

Palo Alto Networks has generated returns of 76.53% in the TTM (trailing twelve month) and 2% in the trailing one-month period. The firm’s share price rose to 7.40% on September 10, 2015.

Its peer companies like Cisco Systems (CSCO), Qualcomm (QCOM), and Juniper Networks (JNPR) generated returns of 1.23%, 1.86%, and 1.47% on September 10, 2015.

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Moving averages

On September 10, 2015, Palo Alto Networks’ last trading price was $177.40. The firm was trading -4.20%, 0.62%, and 6.56% below the 20-day, 50-day, and 100-day moving averages of $170.25, $176.31, and $166.49, respectively.

MACD and RSI

The MACD (moving average convergence divergence) is the difference between the short-term and long-term moving averages of a firm. The nine-day MACD is -3.82 for Palo Alto Networks. It shows a downward trading trend because the figure is negative.

The 14-day RSI (Relative Strength Index) for Palo Alto Networks is 59. This shows that the stock isn’t oversold or overbought. If the RSI is above 70, it indicates that the stock is overbought. In contrast, a RSI figure that’s below 30 suggests that a stock has been oversold.

Palo Alto Networks accounts for 0.13% of the iShares Russell 1000 Growth ETF (IWF) and 9.23% of the iShares North American Tech-Multimedia Networking (IGN).

Analysts’ recommendations

Out of 39 analysts covering the stock, 31 have a “buy” recommendation, one has a “sell” recommendation, and seven have a “hold” recommendation. Analysts’ stock price target for the firm is $202.10 with a median target estimate of $200.50. Palo Alto Networks is trading at a discount of 11.52% with respect to its median target. It looks to be an attractive buy at the current levels.

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