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Shares of cybersecurity firm Fortinet formed a rare technical chart pattern, putting the stock near a potential buy point according to market technicians. The development comes amid broader investor interest in cybersecurity stocks as AI-related security concerns drive demand for protective software. The technical setup adds Fortinet to a list of cybersecurity names drawing analyst and trader attention this week, as the sector continues to benefit from heightened enterprise spending on digital security.
Sources:Yahoo Finance