A look at F5 Networks Inc. (FFIV) — Breakout From Consolidation

by DAN F5 Networks Inc. ($FFIV) averages are at $114.02 (21 day SMA), $112.15 (50 day SMA), $103.07 (200 day SMA). Over the past 52 weeks FFIV has traded from a low of $78.14 to a high of $120.58. FFIV was last at $122.49 on a volume of 2,596,670. Average daily volume has been at 1,047,611.

52 Week Range $78.14-$120.58 Market Cap 9,080,491,937 Average Volume 1,047,611 Dividend Yield 0.00% Institutional Ownership 0.00% Insider Ownership: 0.80% Percentage of Float Short 8.20% Beta 1.80

F5 Networks (FFIV) has been consolidating between $100-$115 for the past 6 months. But over the past two days, the stock has broken out of this consolidation to new 52-week highs on heavy volume. A technical trader should view this as a buy signal, with a stop back in prior congestion — around $115. The only way the stop gets hit is if the breakout turns out to be a fakeout.

F5 Networks Inc provides Application Delivery Networking (ADN) technology that secures and optimizes the delivery of network-based applications and the security, performance and availability of servers, and other network resources.

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