№ 050 · Almanac · · 1 min
PANW touched its line in August 2017. Here’s what happened next.
PANW touched its 200-week line in 2017. Twelve months later: +75.3%.
On the week of August 21, 2017, PANW touched its 200-week moving average at $21.44. The SMA itself was sitting at $20.93.
Twelve months later: +75.3%. Three years later: +109.4%. Five years later: +299.2%.
9 years on, PANW trades at $384.27, +1,692.4% from the touch.
, The line does not predict, it confirms.