Trading the Charts, Not the Election
I like F5 Networks (FFIV) here, plain and simple. It is entering the post-earnings gap of stocks that were fantastic buys last earnings season although not as good this time around. I do think that will change for a few of these names. F5 has a nice bullish divergence here on the RSI, with stochastics holding along with price. I believe this one will be set up to run to $92.50 over the next month. I am buying a short-term aggressive play as well as a slightly longer-term play via the November 9 $85-90 call spread along with the December $85-100 call spread. Clearly, the November 9 call spread is aggressive.FFIV StockCharts.com View Chart » View in New Window »
For another look, check out this FFIV video from my twitter pal @gtotoy (worth a follow). He scooped me on this chart last night, but I would rather have confirmation from another professional in the field than to be fighting them, which always seems to be the case for me, especially with Bob Lang....202 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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