Palo Alto Networks (PANW) earnings were excellent but investors were looking for a blow out earnings report. I think for many stocks, NVIDIA included, the early days of huge blow out earnings reports will decrease as the company matures. That can be a good thing for investors as volatility decreases. It is not as good for traders who love the wild swings in highly volatile stocks. Palo Alto Networks (PANW) dropped today to $380 but buyers returned. I entered this trade late in the day but I still like the setup although the return is not as high as earlier today.
The trade alert provides the details and further comments.
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