FFIV is been forming a base for the last 12 weeks while been above its key moving averages. I'm waiting for the pivot buy point above $215, which could be the start of another leg up. This move up could be trigger by th upcoming earnings report, the best thing to do is to wait and see if it actually happens.Another good thing about the stock is that is Rank #1 in its industry by IBD, but its revenue growth and EPS growth haven't been that great for the last 3 years. Its been growing but not that much as I really like; and its Relative Strength is not that great either. Still, it has good technicals and steady fundamentals so I'll consider to add a position only of it breaks out the base.
Note
Huge selling volume today, I did´t buy. Never get in early.Note
Incredible gap down! Even tho that the earnings report beat estimates. Always listen to the charts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.