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F5 Networks Set to Possibly Pullback After Yesterday's Rally of 1.66%

By Amy Schwartz

F5 Networks (NASDAQ:FFIV) traded in a range yesterday that spanned from a low of $136.93 to a high of $137.66. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $137.12 on volume of 101,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, F5 Networks share prices have been bracketed by a low of $121.36 and a high of $173.44 and are now at $138.17, 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for F5 Networks and will alert subscribers who have FFIV in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders F5 Networks

Ticker(s): FFIV