F5 Ready to Take Flight
02/04/2009 11:22 am EST
F5 Networks, Inc. (FFIV) is a network-based applications company whose stock fell from more than $46 in August 2007, but now appears to have formed a solid platform from which to launch an attack on the August 2008 high at just above $34.
A breakout from a triangle with resistance at $25 should launch a move higher. This high-tech name is listed as one of "Forbes' 25 Hottest Tech Stocks."
By Sam Collins of OptionsZone.com