Traders Should Prepare for a Strong Move in Shares of Fortinet (FTNT)

Shares of Fortinet (FTNT) have been in a sideways trading range and a rectangle pattern has emerged…

Fortinet (FTNT) is a cybersecurity vendor that sells products, support, and services to small and midsize businesses, enterprises, and government entities. The company is benefiting from rising demand in security and networking products due to the coronavirus forcing the workforce to work remotely. It is also benefiting from strong growth in its Fortinet Security Fabric, cloud and SD-WAN offerings.

Take a look at the 1-year chart of FTNT below with added notations…

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