Partial Profit Taking on Palo Alto Networks

11 days ago

Steve Crest

"One of my best decisions lately was I took half of my PaloAlto position because that's bumping right up. And I don’t know if you use technical trading at all in your research, but we use momentum indicators which have been very predictive. So far, I think during the time period, PaloAlto Networks is up 5%. You could be upset that I did that, but it’s up 240-250% somewhere in that neighborhood."

Steve Crest explains his decision to partially take profits on his Palo Alto Networks holding. He cited technical indicators and momentum as key factors behind the move, noting that despite a modest short-term gain of about 5%, the stock has delivered an impressive overall return of 240-250%.

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