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Market Lab Report - Update on FTNT

Published : March 9 2017 at 10:34 ET

In today's report, we wrote FTNT had a pocket pivot in yesterday's trade. This was due to an analyst upgrade. Such upgrades are generally weak reasons to buy any stock. Thus today's pocket pivot should be considered weak at best. That said, if you bought FTNT earlier, you may have sold it when it undercut the low of its buyable gap up earlier this week.

Yesterday's action is not a strong reason to rebuy FTNT. 


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