Oversold, shares of Palo Alto Networks (PANW) are starting to come back. Not only is the stock technically oversold on RSI, MACD, and Williams’ %R, it could also push higher on news that pharmacies were just hit with a cyberattack.
“Change Healthcare is experiencing a network interruption related to a cyber security issue and our experts are working to address the matter. Once we became aware of the outside threat, in the interest of protecting our partners and patients, we took immediate action to disconnect our systems to prevent further impact,” Change Healthcare said, as quoted by Fox Business.
Unfortunately, with many businesses still unprepared for future cyberattacks, companies like PANW are needed. Last trading at $267.82, we’d like to see the stock refill its bearish gap around $360.