Palo Alto Networks ended the session at $211.7 Friday, after four straight days of gains

Friday at a glance: the cybersecurity company went up to $211.7, gaining 1.79%.

Palo Alto Networks, Inc. made an initial breakout above its 200 day Simple Moving Average at $213.68, a potential indicator of a newly emerging bullish phase. In contrast, Bollinger Band® analysis indicates that current price action is approaching the upper band at $213.48, thereby suggesting that Palo Alto Networks is becoming overvalued. Palo Alto Networks broke through the $216.44 resistance and climbed $4.74 above it.

Overall, looking at the technical analysis landscape, it seems Palo Alto Networks likely to continue pointing upward in the short term.

A look at other technology stocks also showed bullish price action as Intel gained 5.84%, as it traded at $29. Qualcomm added 6.09% to its value, and traded at $110.35. Accenture plc Class A (Ireland) added 4.06% to its value, and traded at $303.6.

The cybersecurity company has fallen back around 63.87% over the past 9 months, from a notable high of $575.58.