Week 10 BUY, top of the Longs: RSI overbought
Fortinet adds 0.8% and stays atop the Longs, but RSI nears an extreme
Week 10 BUY, top of the Longs: RSI overbought
Our view last week
Fortinet is in week 9 of a buy signal, running at +81.08% since entry. All 3 targets of our most advanced model have already been hit, with signal strength at 87 out of 100 and the stock ranking 1st among the 125 US stock buys currently open. The stop already sits at breakeven, ahead of the next management window in week 10; earnings arrive in three to four weeks, on July 30.
This week's summary
Fortinet shares are hugging their highs, with the weekly RSI up at 83.9 — firmly overbought — while the MACD starts to roll over: the trend still burns, with the ADX climbing, but the first signs of fatigue are showing. In this week's technical analysis the buy signal tops the board, first among 129 US Longs with a signal strength of 87 out of 100, and the trade is running at +82.5% since entry.
IQS Phase
56
ordinary
Signal Strength
87
high · wide move
Sizing
FULL
Ranking
#1 / 129
US stocks in progress
Trade P&L %
+82.54%
from signal to today
restricted Platinum content