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Fortinet Inc
(NASDAQ: FTNT) Add to Portfolio
$78.42
-0.45 (-0.57%)
as of Sep 19, 2019

Watch for Fortinet Inc to Potentially Rebound After Falling 2.33% Yesterday

Fortinet Inc (NASDAQ:FTNT) traded in a range yesterday that spanned from a low of $82.03 to a high of $92.13. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $82.80 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Fortinet Inc share prices have moved between a 52-week high of $96.96 and a 52-week low of $54.76 and are now trading 50% above that low price at $82.21 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Fortinet Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fortinet Inc in search of a potential trend change.

Write to SmarTrend at cs@mysmartrend.com

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