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SmarTrend Watching for Potential Rebound in Shares of F5 Networks After 1.75% Loss

By David Diaz

F5 Networks (NASDAQ:FFIV) traded in a range yesterday that spanned from a low of $116.45 to a high of $118.47. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $117.56 on volume of 368,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of F5 Networks have traded between a low of $107.19 and a high of $149.50 and are now at $117.04, which is 9% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.62% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of F5 Networks on April 4th, 2017 by issuing a Downtrend alert when the shares were trading at $140.35. Since that call, shares of F5 Networks have fallen 15.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders F5 Networks

Ticker(s): FFIV