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TMCNet:  F5 Networks Set to Possibly Rebound After Yesterday's Selloff of 19.05%

[April 05, 2013]

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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