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Watch for F5 Networks to Potentially Pullback After Gaining 1.66% Yesterday

By Shiri Gupta

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.

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.

F5 Networks share prices have moved between a 52-week high of $173.44 and a 52-week low of $121.36 and are now trading 14% above that low price at $138.17 per share. 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%.

Keywords: rebounders F5 Networks

Ticker(s): FFIV