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After Yesterday's Decline of 6.39%, F5 Networks Offers Investors Better Value

By David Diaz

F5 Networks (NASDAQ:FFIV) traded in a range yesterday that spanned from a low of $135.29 to a high of $145.13. Yesterday, the shares fell 6.4%, which took the trading range below the 3-day low of $141.74 on volume of 616,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, F5 Networks has traded in a range of $131.53 to $199.71 and is now at $136.01, 3% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 0.85% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in F5 Networks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of F5 Networks in search of a potential trend change.

Keywords: rebounders F5 Networks

Ticker(s): FFIV