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Bearish Moving Average Cross by F5 Networks (FFIV)

By Shiri Gupta

F5 Networks (NASDAQ:FFIV) crossed under its 10-day moving average of $176.48 on a volume of 376K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, F5 Networks has traded in a range of $114.63 to $183.27 and is now at $170.79, 49% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.6%.

SmarTrend is tracking the current trend status for F5 Networks and will alert subscribers who have FFIV in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses F5 Networks

Ticker(s): FFIV