• Return to Headlines

Watch for F5 Networks to Potentially Rebound After Falling 1.46% Yesterday

By Shiri Gupta

F5 Networks (NASDAQ:FFIV) traded in a range yesterday that spanned from a low of $124.27 to a high of $128.02. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $127.71 on volume of 596,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, F5 Networks share prices have been bracketed by a low of $86.03 and a high of $149.50 and are now at $125.96, 46% 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 8.9%. 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