A 52 Week Low for F5 Networks

Published on Thursday, 25 October 2012 12:34 Written by TradersHuddle Wire

New York, October 25th (TradersHuddle.com) - Shares of F5 Networks, Inc. (NASDAQ:FFIV) booked a new 52 week low by trading below $83.4. Traders are definitely monitoring F5 Networks' price action to see if this move attracts further selling, or if this last push down sets a tradable bottom in the stock.

F5 Networks, Inc. (NASDAQ:FFIV) is the global leader in application delivery networking, it provides integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. Its software-based solutions manage, control and optimize Internet traffic and content.

F5 Networks is currently trading -12.12% versus its previous trading session close, and it has calculated support and resistance at $96.40 and $111.00 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading lower by -0.11% from its previous trading close, which means that F5 Networks stock is underperforming the overall market.