F5 Networks Trade Alert: See The Chart Setup

Hi, here is a quick trade setup...

Just a week ago, F5 Networks (FFIV) surged sharply higher on better-than-expected quarterly results. The stock jumped from $138.30 to a high of $153.00. Since that big pop day, F5 Networks has seen a slow fade, usually because investors lose interest. What is fantastic about this is that it gives investors another trade setup to watch for…

As F5 Networks (FFIV) fades back down, investors will get a chance to rebuy it when it fills the gap at $138.30. This was the closing price it was trading at prior to releasing earnings and the big move. In other words, F5 Networks intrigued investors will get a chance to buy the stock knowing the good earnings, at the price it was at prior to them being made public. This is also a technical gap fill which will add credence to the bounce play.

https://inthemoneystocks-4977.kxcdn.com/wp-content/uploads/2019/10/FFIV10.30.2019.png

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.