Swing Trade Levels for the Week - Cybersecurity Stocks 8.18.19

The following swing trading levels are reference points for traders to consider. As we provided levels for a long and short bias, the information is directionally neutral.


The levels are also ultra short-term, meaning that support and resistance targets are based on the nearest swing highs and lows. Typically, if a market is trending--in this case, trending in the short-term--price often hits the nearest target upon breaking out toward the upside or downside.


But like all patterns, there is a failure rate, particularly during moments of market indecision, signaling consolidation or ranging activity. The levels provided dont propose that a breakout will follow through toward hitting its target. Again, they are reference points for you to use should it help you in your own swing trading analysis.



Palo Alto Networks (PANW)

Swing High

223.66

Nearest Upside Target

229.94

Swing Low

208.31

Aug 7

Nearest Downside Target

196.94

target hit Aug 16

Tenable Holdings (TENB)

Swing High

23.54

Nearest Upside Target

28.60

Swing Low

25.03

Nearest Downside Target

20.29

active

Check Point Software Technologies (CHKP)

Swing High

112.00

Nearest Upside Target

115.56

Swing Low

106.94

Nearest Downside Target

104.71

Fortinet (FTNT)

Swing High

85.3

Nearest Upside Target

88.65

Swing Low

78.85

Nearest Downside Target

74.67

Mimecast Limited (MIME)

Swing High

46.99

Nearest Upside Target

50.30

Swing Low

42.15

Nearest Downside Target

40.55

Qualys (QLYS)

Swing High

85.41

Nearest Upside Target

91.45

Swing Low

78.77

Nearest Downside Target

74.75

Proofpoint (PFPT)

Swing High

121.15

Nearest Upside Target

126.76

Swing Low

122.16

active

Nearest Downside Target

110.09

CyberArk Software (CYBR)

Swing High

123.54

Nearest Upside Target

134.28

Swing Low

113.17

active

Nearest Downside Target

103.06

Zscaler (ZS)

Swing High

86.41

Nearest Upside Target

89.50

Swing Low

76.27

Nearest Downside Target

73.05



The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.