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SmarTrend Watching for Potential Pullback in Shares of F5 Networks After 2.57% Gain

By Amy Schwartz

F5 Networks (NASDAQ:FFIV) traded in a range yesterday that spanned from a low of $155.43 to a high of $161.58. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $157.20 on volume of 736,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, F5 Networks has traded in a range of $107.19 to $161.08 and is now at $160.78, 50% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.

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