Is There a Catalyst Out There For Fortinet, Inc. (NASDAQ:FTNT)

Smart investors are constantly on the lookout for a bargain when it comes to stock picking. As of late, investors have been taking a second look at shares of Fortinet, Inc. (NASDAQ:FTNT). During recent trading, shares saw a move of 0.00% hitting a price of $81.05.

The stock investing process may seem intimidating to those just starting out. New investors may have a lot to learn, and they may be wondering where to start. Because there are so many different stock picking strategies, it can be hard to find one specific one to latch on to. Keeping things simple might be a good way to approach the market for beginners. The day to day market happenings can get overwhelming not only for amateurs but professional investors as well. Finding that first little advantage can make all the difference when picking stocks. Many new investors may have the tendency to make too many trades at first without doing the proper research. Easing in to the process may give some much needed perspective for attaining long-term success in the stock market.

Many investors get into the stock market with unrealistic expectations. For whatever reason, they may have the mindset that snatching profits is easy. Thinking that profits can be doubled or tripled right away may lead the investor down the road of no return. Although the lucky few might hit some big winners right off the bat, these chances are quite low. Stocks tend to be volatile in the short-term. Unless investors have a game plan ready to capitalize on short-term movements, they may want to take a wider, longer-term approach. Trying to figure out which way the market will turn from one day to the next can be a highly frustrating procedure. Having the patience to thoroughly examine every trade can immensely boost the investor’s chances of surviving and thriving into the future.

After a recent check, shares of Fortinet, Inc. (NASDAQ:FTNT) have been seen trading -16.41% off of the 50-day high and 2.05% away from the 50-day low. In terms of the stock price in relation to its moving averages, company shares are -7.68% away from the 20-day moving average and -6.32% off of the 50-day average. If we take a wider approach, shares have been trading 1.11% away from the 200-day moving average.

On a typical market day there is no shortage of stock news. Investors are often tasked with trying to decipher which news is worth paying attention to and which isn’t. Not only is there plenty of swirling news, there are usually plenty of opinions that follow. Closely following market sentiment can be useful for some, but it may impede others when decisions need to be made. When it comes to dedicated stock research, taking shortcuts may result in disappointing portfolio performance. Investors have to be careful not to be tempted by the hot stocks of the day. Of course, maybe some of those stocks would fit well in the portfolio, but doing individual stock study can help confirm the addition.

Over the last year, Fortinet, Inc. (NASDAQ:FTNT)’s stock has performed 36.10%. For the last six months, the stock has performed 8.46%. From the start of the calendar year, shares have been 15.08%. Zooming in closer, company stock has been -1.66% for the quarter, -14.88% over the past month, and -0.73% over the past week.

The technical stats for Fortinet, Inc. are as follows. Fortinet, Inc. (NASDAQ:FTNT) is trading 40.32% away from the stock’s 52-week low and -16.41% off of the 52-week high. Current levels place the company -7.68% away from it’s 20-day simple moving average. The average volume stands around 740. Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock.  A significant increase in trading volume means that more than double the average amount of stocks are moving.  When volume is decreased significantly, it may indicate there is an issue that shareholders should watch out for.  It’s also important to take into consideration how long the unusual volume sustains for.  If it’s only the one trading day, it can be dismissed as an anomaly.

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