During Tuesday night's Mad Money program, Jim Cramer noted that earnings disappointments like Palo Alto Networks (PANW) aren't common. We looked at the charts of PANW just before they released their numbers and we were anticipating an upside breakout writing that, "The trend is up ahead of the company's fiscal first-quarter earnings numbers set for release after the close Monday. Hold longs through the report as traders and investors have been buying in recent weeks. A trade at $260.88 on the Point and Figure chart above will mark a significant upside breakout."
Now, let's check out some charts from this morning.