F5 Networks Is Near a Key Resistance Area

New York, November 22nd (TradersHuddle.com) - Shares of F5 Networks, Inc. (NASDAQ:FFIV) are trading very close to calculated resistance at $90.82. The stock ended the trading session at just $90.05, which is near levels that make it difficult to buy or start a position.

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' stock range is defined by its calculated support defined at $84.71 and by the resistance level at $90.82; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for F5 Networks. However, as the stock pulls back towards $84.71 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $90.82 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,601.10 ▲244.23 (1.41%)
o S&P 500 2,043.51 ▲30.62 (1.52%)
o NASDAQ 4,716.56 ▲72.25 (1.56%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,601.10 Trade time:10:24AM EST Value change:▲244.23 (1.41%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,043.51 Trade time:10:24AM EST Value change:▲30.62 (1.52%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,716.56 Trade time:10:24AM EST Value change:▲72.25 (1.56%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.