The bearish DailyPlay we chose for Friday July 8th is Palo Alto Networks (PANW). PANW is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.22% move lower and has consistently failed to reach new highs this past month.
Palo Alto Networks’s 1m and 6m trends turned bearish on 6/7 and recently broke below its $128 support level on high volume. With a technical score of 1 (out of 10), PANW looks positioned to continue this strong bearish trend lower.