X Close
TMCnet - World's Largest Communications and Technology Community



F5 Networks Set to Possibly Rebound After Yesterday's Selloff of 19.05%
[April 05, 2013]

F5 Networks Set to Possibly Rebound After Yesterday's Selloff of 19.05%

Apr 05, 2013 (SmarTrend(R) News Watch via COMTEX) -- F5 Networks (NASDAQ:FFIV) traded in a range yesterday that spanned from a low of $71.95 to a high of $75.79. Yesterday, the shares fell 19.1%, which took the trading range below the 3-day low of $88.92 on volume of 12.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, F5 Networkshas traded in a range of $71.95 to $139.46 and are now at $73.19. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of F5 Networks on February 25th, 2013 by issuing a Downtrend alert when the shares were trading at $96.65. Since that call, shares of F5 Networks have fallen 6.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To TMCnet.com's Homepage ]

Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.


© 2015 Technology Marketing Corporation. All rights reserved | Privacy Policy