Score 8.6 (out of 10): FORTINET INC poised to seasonally rally by +19% during the next 60 days.

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What’s Going On Here?

FORTINET is a provider of network security solutions. The company was recently named and included in the Nasdaq-100 index (Dec 20, 2021). Tracker funds will have to buy FORTINET shares. The $60bn market cap company shows profit margins of +20%.

Why Now?

FORTINET INC indicates an interesting 60 days seasonal set up. During similar occasions, FORTINET INC shares had a median return of +19% – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for FORTINET INC received a high score of 8.6 (out of 10). This insight was generated with last price of 366.74.

What’s This Company About?

FORTINET INC is in the Computer Data Security business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 1.3% more (average). Ticker symbol: FTNT US.

What’s My Risk / Reward and Time Horizon?

We found 60 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 436.33 (+19%) has been reached. Based on FORTINET INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 332.04 (last price at 366.74), which is equivalent to a -9.5% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

17% (December-2021), -3.9% (December- 2020), 22.9% (December-2019), 14.3% (December-2018), 21.8% (December-2017), -9.6% (December-2016), 8.3% (December-2015), 24.3% (December-2014), 21% (December-2013), 26.3% (December-2012)

Historical Chart:

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Summary:

NameFORTINET INC
ViewUp
Star (1 to 10)8.6
Target+19%
Time60 days
Hit Rate80%

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