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F5 Networks Set to Possibly Pullback After Yesterday's Rally of 1.79%

By Nick Russo

F5 Networks (NASDAQ:FFIV) traded in a range yesterday that spanned from a low of $177.97 to a high of $180.92. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $177.89 on volume of 215,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 14.5%. We continue to monitor FFIV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, F5 Networks has traded in a range of $114.63 to $180.76 and is now at $180.59, 58% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.7%.

Keywords: rebounders F5 Networks

Ticker(s): FFIV