F5 Networks Stock Outlook (Nasdaq: FFIV)
Going into tomorrow’s trading session longs still have a lot to be excited about. However, there is a pivotal point of support soon to be tested. If you look at the chart below, please note the green support line. If this support line is tested – and FFIV closes below it – this would indicate an extremely bearish sign for shares of F5 Networks, Inc. (Nasdaq: FFIV). We would also like to keep our eyes on the CCI as well. A close below the support line with a bearish cross of the CCI to below +100 would indicate shares could fall as far as the 50 day moving average of $110.77 and still be considered healthy. We just want to make sure those that are long as protecting themselves with stops or puts as a pullback could be big and costly.FFIV Technical Analysis of Daily Chart APKT) On another note, we’d like to follow up with our post about Acme Packet (APKT) from over the weekend: Acme Packet Positioned To Continue Up (APKT). Congrats those of you that got a chance to trade it. Many people were looking for a top in the stock but it defied bears and continued upwards like we were talking about. If you didn’t get a chance to check out that one make sure you do too. Also, we highly recommend you subscribe to our feed and get free email updates on new ideas we discover for you as well. You can subscribe easily here.
Disclosure: No positions.