Palo Alto Networks (PANW) stock price rose in its latest intraday trading, recovering all the losses recorded in the previous session, which had come as part of profit-taking and an attempt to relieve part of its overbought condition, before positive momentum returned and pushed the stock toward a rapid recovery, allowing it to attack the current resistance level at $250.00. This comes amid complete dominance of the main upward trend in the short term, while moving alongside major and minor trend lines supporting this path, which strengthens the chances of extending its gains in the near term and targeting new resistance levels.

Therefore we expect the stock price to rise in its upcoming trading, especially if it succeeds in breaking above the mentioned resistance at $250.00, targeting the next resistance level at $275.00 afterward.

Todays price forecast: Bullish