FTNT Crosses Below Key Moving Average Level

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 »


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