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F5 Networks Bullish Moving Average Crossover Alert (FFIV)

By David Diaz

F5 Networks (NASDAQ:FFIV) crossed over its 10-day moving average of $127.17 on a volume of 133K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of F5 Networks have traded between a low of $107.19 and a high of $149.50 and are now at $128.42, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of F5 Networks on April 4th, 2017 by issuing a Downtrend alert when the shares were trading at $140.35. Since that call, shares of F5 Networks have fallen 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses F5 Networks

Ticker(s): FFIV