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Watch for Continued Gains in Shares of F5 Networks (FFIV)

By Amy Schwartz

Shares of F5 Networks (NASDAQ:FFIV) traded today at $181.12, breaking its 52-week high. This new high was reached on below average trading volume as 55,000 shares traded hands, while the average 30-day volume is approximately 681,000 shares.

Over the past year, F5 Networks has traded in a range of $114.63 to $181.12 and is now at $180.91, 58% above that low. The 200-day and 50-day moving averages have moved 0.66% higher and 1.31% higher over the past week, respectively.

F5 Networks, Inc. provides integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The Company's software-based solutions manage, control, and optimize Internet traffic and content. F5's solutions automatically deliver Internet content for service providers and e-businesses.

F5 Networks (NASDAQ:FFIV) defies analysts with a current price ($180.91) 15.2% above its average consensus price target of $153.38. F5 Networks shares have support at the 50-day moving average (MA) of $165.39 and additional support at the 200-day MA of $139.77.

SmarTrend recommended that subscribers consider buying shares of F5 Networks on April 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $155.15. Since that recommendation, shares of F5 Networks have risen 15.9%. We continue to monitor FFIV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows F5 Networks

Ticker(s): FFIV