F5 Networks Inc. (NASDAQ: FFIV) shares rose on Monday Nov 21 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock, increasing the price target of stock.
Meanwhile, stocks were set to open higher this morning. The Dow Jones Industrial Average futures YMZ6, +0.20% was 10 points, or less than 0.1%, higher at 18,863, while S&P 500 index futures ESZ6, +0.44% rose 3.95 points, or 0.2%, at 2,184.75. Nasdaq-100 NQZ6, +0.74% added 12.25 points, or 0.2%, to 4,820.75.
F5 Networks Inc. (NASDAQ: FFIV) had its price target increased by equities researchers at Jefferies Group from $0.00 to $130.00. With a rating of on the stock, F5 Networks Inc. has a 52-week high of $144.28. A number of other analysts have commented on the company recently, and the company has secured a consensus one-year price target of $134.58, a decrease compared to the opening price of $142.61.
Shares of F5 Networks Inc. (NASDAQ: FFIV) opened at $142.61 on Monday and traded in a range between, $142.18 and $143.08, and last traded at $142.50, which represents an increase of $0.49 or 0.35% over the previous closing price.
F5 Networks Inc. (NASDAQ: FFIV) now has a market cap of 9.31B.
F5 Networks Inc. (NASDAQ: FFIV) Average Daily Trading Volume
78,443 shares crossed the trading desk yesterday, lower than normal, out of a total float 65,118,000. Trading volume is likely to increase in the next few days as momentum traders often use upticks in trading volume to identify substantial volume growth or circulation by institutional investors.
While increased trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks sends a positive indicator to market traders that institutions may be moving in, so institutional sponsorship is crucial.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these retain teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
F5 Networks Inc. (NASDAQ: FFIV) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
With that in mind, F5 Networks Inc. (NASDAQ: FFIV) now has a 50-day MA of $129.10 and 200-day MA of $120.23. It has traded in a 52-week range between $86.03 – 144.28 and today’s last price is 1.23%% lower than the 52 week high of $144.28.
Earnings growth is a critical factor to research when investing in stocks and investors look for companies that have been successful at growing their earnings at least 25% or more over the past 3 years.
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