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May 16, 2022, 9:55 p.m. EDT

Learn to Evaluate Fortinet (FTNT) using the Charts

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May 16, 2022 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Fortinet /zigman2/quotes/205733290/composite FTNT +4.10% with integrated risk controls.

The trading plans were valid at the time this was published, but the support and resistance levels for FTNT change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte

Use the basic rules of Technical Analysis. Here are some examples: if FTNT is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for FTNT too. All of these are offered here: Access our Real Time Trading Plans

  • NONE.

  • Short FTNT under 298.27, target n/a, stop loss @ 299.13

  • Buy FTNT over 298.27, target 344.93, Stop Loss @ 297.41

  • Short FTNT near 298.27, target 270.60, Stop Loss @ 299.13.

  • Buy FTNT over 278.36, target 298.27, Stop Loss @ 277.71

  • Short FTNT near 278.36, target 270.60, Stop Loss @ 279.01.

FTNT Technical Summary | Raw Data for the Trading Plans

COMTEX_407299601/2570/2022-05-16T21:54:54

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/205733290/composite
US : U.S.: Nasdaq
$ 59.13
+2.33 +4.10%
Volume: 8.00M
June 24, 2022 4:00p
P/E Ratio
77.19
Dividend Yield
N/A
Market Cap
$45.59 billion
Rev. per Employee
$351,810
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