Markets

FTNT Crosses Below Key Moving Average Level

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Thursday, shares of Fortinet Inc (Symbol: FTNT) crossed below their 200 day moving average of $36.86, changing hands as low as $35.90 per share. Fortinet Inc shares are currently trading down about 4.8% on the day. The chart below shows the one year performance of FTNT shares, versus its 200 day moving average:

Fortinet Inc 200 Day Moving Average Chart

Looking at the chart above, FTNT's low point in its 52 week range is $28.51 per share, with $41.56 as the 52 week high point - that compares with a last trade of $35.91.

According to the ETF Finder at ETF Channel, FTNT makes up 2.82% of the First Trust Nasdaq Cybersecurity ETF (Symbol: CIBR) which is trading lower by about 0.5% on the day Thursday.

Click here to find out which 9 other stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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CIBR FTNT