Shares of cyber security company Palo Alto Networks (PANW) - Get Report have climbed about 10% since I recommended buying the stock. The shares have risen from a low of around $128 on May 27 to its recent high of $140.75 on Monday.

But it's now time to take these gains and move on to stocks with better near-term prospects.

Palo Alto's recent bounce remains just shy of my prior price target of $147 but the chart below, courtesy of TradingView, suggests a recent move out of growth stocks into more value-oriented equities is underway. On the bright side, Palo Alto did test its near-term support level of around $130 twice and it passed. But the potential gains implied from the last time we looked at the chart are going to take longer than previously anticipated.

PANW trades around $137, down 22.24% year to date, including a 10% decline over the past three months. This compares with a 3.68% year-to-date rise in the S&P 500 (SPX) index. Despite the underperformance, don't hold your breath thinking there's value here. The stock trades on momentum and momentum is not on its side at the moment.

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From the chart above, PANW has shown that resistance at $140 (red arrow) is too strong to break. Consider it a line in the sand, for now. This is because each time the stock reaches that level, it will be met with strong selling pressure. This means the shares are rangebound for the next three months or until Palo Alto can make up for its growth disappointment.

What's more, the company has suffered multiple downgrades of its stock, which was expected, given its third quarter revenue guidance that spooked investors about possible slowing growth. Both Deutsche Bank and Needham lowered their rating from buy to hold. With the stock priced at forward earnings estimates that is five times the S&P 500 index, the opportunities for a breakout will be limited.

The best we can hope for is what we've already been given: a 10% recovery from $128 to $140. With PANW showing weakness, pulling back down to $136, it's likely headed to $130 before it moves hack higher, but never breaking $140. Expect this cycle for the next three months.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.