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

By David Diaz

Today, shares of F5 Networks (NASDAQ:FFIV) have crossed bullishly above their 10-day moving average of $126.77 on a volume of 111K 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 $121.36 and a high of $199.71 and are now at $127.61, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of F5 Networks on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $140.59. Since that call, shares of F5 Networks have fallen 11.6%. 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