By Andrew Nyquist
Quick update on F5 Networks (FFIV) stock as it nears its long term uptrend line: Similar congestion happening now as last spring. This puts the focus on lateral and trend line support around 92-95.
If long, consider giving it some breathing room for a possible shakeout. That said, positions should be monitored closely.
Trade safe, trade disciplined.
Previous FFIV chartology here.
F5 Networks (FFIV) stock chart with price support and resistance levels as of October 12, 2012. FFIV stock is oversold and near long term uptrend support. F5 Networks FFIV technical analysis.
No position in any of the securities mentioned at the time of publication.
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.