Nicholas Santiago
InTheMoneyStocks
Tuesday, September 26, 2017
F5 Networks Inc (NASDAQ:FFIV) Has Fallen And Can't Get Up
Many traders and investors are asking me if this is a good time to buy F5 Networks Inc (NASDAQ: FFIV). The simple answer is no! This stock has been declining since March when it traded as high as $149.50 a share. Today, FFIV stock is trading around $118.80 a share. Traders and investors should note that the stock has been forming a bearish consolidation pattern as it hovers along the weekly chart 200 period moving average. This chart formation will usually lead to lower price soon. Traders and investors that are looking to buy FFIV stock must now look at the $102.00 - $103.00 price area. This is where the institutional money defended the stock in March 2016 and will likely support it again when retested.
