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

By Shiri Gupta

F5 Networks (NASDAQ:FFIV) crossed over its 10-day moving average of $136.22 on a volume of 178K 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.

F5 Networks share prices have moved between a 52-week high of $149.50 and a 52-week low of $86.03 and are now trading 59% above that low price at $136.65 per share. Over the past week, 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 3.1%. 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