Friday, September 11, 2015

Chart of the Day: PANW and Relative Strength During Market Selloffs

Today's chart of the day is PANW, which gapped and broke out over it's 50 dma yesterday, and is holding that level this morning.

This makes PANW a relative strength stock. During market selloffs,  it pays to keep a list of relative strength stocks that have the potential to beat the market and will likely be the next big momos if the market recovers.

Check out my 14 tips for handling market selloffs and

Keep an eye on on the 50 dma level. If it holds, PANW is at a good entry level and could retest all time highs.

Subscribe to The Market Speculator by Email and never miss a post! 

If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up for a 14 day free trial at

No comments: