• Return to Headlines

F5 Networks Crosses Above its 10-day MA (FFIV)

By James Quinn

Today, shares of F5 Networks (NASDAQ:FFIV) have crossed bullishly above their 10-day moving average of $124.98 on a volume of 138K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, F5 Networks share prices have been bracketed by a low of $86.03 and a high of $135.20 and are now at $125.42, 46% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.62% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of F5 Networks on April 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.58. Since that recommendation, shares of F5 Networks have risen 20.5%. We continue to monitor FFIV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses F5 Networks

Ticker(s): FFIV