F5 Networks Island Reversal (NASDAQ:FFIV)

by Josh F5 Networks Inc. ($FFIV) shares are breaking to the upside today on strong volume. F5 Networks Inc. is up 10.54% at $90.00 on a volume of 5,413,210 shares already trading over 3 times the normal daily volume of 1,666,310 shares here shortly after the noon hour.

F5 Networks ($FFIV) is gapping up creating an island reversal pattern from April’s gap down in shares. Shares have traded in a wider range since gapping down than typical with an Island reversal (technicals often look for tighter price action in the ‘island’ that what F5 has printed). That said, shares are breaking to the upside on strong volume.

52 Week Range $67.53-$111.58 Market Cap 7,088,773,333 Average Volume 1,715,464 Dividend Yield 0.00% Institutional Ownership 99.80% Insider Ownership: 0.70% Percentage of Float Short 5.80% Beta 1.40

F5 Networks Inc. is above the 50 day moving average and above the 200 day moving average. These are both bullish indicators.

F5 Networks Inc. F5 Networks provides technology that optimizes the delivery of network-based applications and the security, performance and availability of servers, data storage devices and other network resources.

Articles