# Jay Woods Identifies Fortinet's $127.40 Low as Key Support

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/46899
Published: 2026-11-02T20:46:00.000Z
Updated: 2026-11-02T20:46:00.000Z
Section: Investing

> Fortinet beat and raised last week; slower product growth and a reduced services outlook still weighed on the stock.

Jay Woods of Chase Games identified Fortinet's Thursday post-earnings low of $127.40 as a key support level after slower product growth and a reduced services outlook weighed on shares.

Fortinet beat and raised last week, but its slowing product trend and weaker services outlook pressured the stock.

The $127.40 mark stood slightly above Fortinet's rising 200-day moving average and the anchored volume-weighted average price (VWAP) measured from its 2026 low. In chart analysis, support is a price level where buying interest may slow or halt a decline. Woods cited longer-term momentum indicators on the weekly chart as another source of downside risk.