Palo Alto Networks Inc. (PANW) is scheduled to announce second-quarter earnings here on Monday after the market close. With equities in a panic-like free fall I doubt whether traders will focus on nor have much confidence in fundamental numbers. Let's check out the charts to see what the short-term risks might be in PANW.
More from Stocks
Monday was up, Tuesday was down, and the McClellan Summation Index marked a minor change, so let's dig in.
We're seeing a good variety of action, and stocks with superior fundamentals and charts are doing well.
We'll witness some action in Suro Capital, which has an ownership stake dating back to when Palantir was private.
I wouldn't recommend shorting the stock ahead of earnings on Thursday.