Stock Of The Day: Is The Zscaler Meltdown Over?
Portfolio Pulse from Mark Putrino
Zscaler, Inc. (NASDAQ:ZS) has experienced a significant drop in its stock price, falling over 20% in recent days. However, the stock has found support at $156.50, a level that previously acted as support in May and August. This pattern suggests potential for a rally as remorseful sellers may buy back shares, creating a support level.
September 05, 2024 | 5:55 pm
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Zscaler's stock has dropped over 20% but found support at $156.50, a level that previously acted as support. This suggests potential for a rally as remorseful sellers may buy back shares.
Zscaler's stock has experienced a significant decline but has reached a support level that previously led to rallies. This pattern indicates potential for a price increase as buyers may return, creating upward pressure on the stock.
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