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ZS
Benzinga
63 days

Zscaler Stock Rises 1.6% After Key Trading Signal

1. ZS saw Power Inflow at $302.93, indicating potential uptrend. 2. This trading signal occurred while the broad market was down. 3. Power Inflow suggests institutional buying interest in ZS. 4. Traders view this as a bullish sign for ZS's price direction. 5. Returns post-signal were 1.6% high and 1.4% close.

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FAQ

Why Bullish?

The Power Inflow suggests significant institutional buying, often leading to price increases. Historical examples show that such trends often lead to sustained upward momentum.

How important is it?

The reported Power Inflow indicates a favorable trading environment for ZS, relevant to active traders and potential investors.

Why Short Term?

The Power Inflow indicator typically affects price movements in the near term, observed in prior trading sessions.

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