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

By David Diaz

Today, shares of F5 Networks (NASDAQ:FFIV) have crossed bearishly below their 10-day moving average of $128.46 on a volume of 197K shares. This may provide swing traders with 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 $86.03 to $149.50 and is now at $128.31, 49% above that low. 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 7.7%. 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