Use advanced tools to confirm the Broadening Formation on PANW before you trade.
Expanding volatility. Sign of instability.
Market participants tracking Palo Alto Networks should note the latest formation. With a last close of $250.43, volatility remains active (1.53%). Price action has carved out a classic Broadening Formation. This setup is supported by average volume turnover. A potential breakout level is identified at $252.21, targeting $353.15 with support near $201.75 (R:R 2.0).
What is your outlook on PANW?