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F5 Networks Set to Possibly Rebound After Yesterday's Selloff of 19.05%Apr 05, 2013 (SmarTrend(R) News Watch via COMTEX) -- F5 Networks (NASDAQ:FFIV) traded in a range yesterday that spanned from a low of $71.95 to a high of $75.79. Yesterday, the shares fell 19.1%, which took the trading range below the 3-day low of $88.92 on volume of 12.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. Over the past year, F5 Networkshas traded in a range of $71.95 to $139.46 and are now at $73.19. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.2%. SmarTrend recommended that its subscribers protect gains by selling shares of F5 Networks on February 25th, 2013 by issuing a Downtrend alert when the shares were trading at $96.65. Since that call, shares of F5 Networks have fallen 6.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |