Palo Alto Networks gains 2.75%; sets session high of $184.71

Friday at a glance: Palo Alto Networks rallied 2.75% and ended the session at $183.93.

Palo Alto Networks, Inc. made an initial breakout above its 10 day Simple Moving Average at $183.6, a potential indicator of a newly emerging bullish phase. Despite this, Palo Alto Networks could be slowing down soon; it is getting close to the resistance line and is now at $186.06, only $2.13 away. Crossing the resistance line could, however, suggest that further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Palo Alto Networks might continue pointing upwards in the short term.

A look at other technology stocks also showed bullish price action as Apple traded at $173.57 after closing Friday's trading day at $165.79 (up 4.69%). Adobe gained 3.74%, as it traded at $348.4. Texas Instruments traded at $165.82 after closing Friday's trading day at $161.06 (up 2.96%).

The Californian cybersecurity firm is now trading 68.9% below the significant high of $575.58 it set around 8 months ago.