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TMCNet:  26.9% Return Seen to Date on SmarTrend Fortinet Call (FTNT)

[November 16, 2012]

26.9% Return Seen to Date on SmarTrend Fortinet Call (FTNT)

Nov 16, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Fortinet (NASDAQ:FTNT) on September 26th, 2012 at $24.49. In approximately 2 months, Fortinet has returned 26.85% as of today's recent price of $17.91.

In the past 52 weeks, Fortinet share prices have been bracketed by a low of $17.53 and a high of $28.82 and are now at $17.91, 2% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.

Fortinet Inc. provides network security solutions. The Company offers network security appliances and related software, and subscription services. Fortinet systems integrate the industry's broadest suite of security technologies, including firewall, VPN, antivirus, intrusion prevention (IPS), Web filtering, antispam, and traffic shaping.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Fortinet.

Log in and add Fortinet (FTNT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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