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SmarTrend Watching for Potential Pullback in Shares of F5 Networks After 1.79% Gain

By David Diaz

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.

In the past 52 weeks, shares of F5 Networks have traded between a low of $114.63 and a high of $180.76 and are now at $180.59, which is 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.3%.

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.

Keywords: rebounders F5 Networks

Ticker(s): FFIV