FTNTday - swing odds. First target will be $40 area and it is based on 60 min consolidation and triangle what we can see on the chartLongby JohnChartIdeas0
FTNT gaps up on earningsFTNT only has data going back to 2009 and has been in consolidation for the majority of that time. However, it has a good volume of stock traded on a daily basis and is nicely priced at below $50 (making it cheaper to trade than more expensive stocks). Since breaking out above the 2012 pivot high ($28.82) in December 2014 price did retrace to retest this zone (and the 50sma) in January 2015. A good, linear trend is still to develop. The trend looks to be in the early stages - the 50sma is still being used for support and I would want to see price move away from this before considering a buy here. Yesterday's gap up was most likely due to the earnings announcement. I would not consider this a good near term opportunity as the bar was a doji/spinning top so neither bullish or bearish. A bullish bar may have persuaded me otherwise, but the likelihood of momentum remaining to the upside in the near term does not present a good enough probability for me. FTNT is one to look at, again, some time in the future. Longby iAnneTrader2
FTNT potential day tradeI would love it if this trades sideways a bit longer. Longby Reallifetrading0
Build a Fortinet Broke out of this consolidation in AH after announcement that it will join S&P MidCap 400. Keep an eye on this network security play.by JPMorgains0
Inverted Head and ShouldersAbove $20.80 looks good entry for conservative traders others can have their shot now. Target 23.80 stop loss at 19Longby Xafada0
FTNTHit hard on earnings trading near the bottom of this range. No real reason to believe it will break yet. Longby ATMcharts110