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 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.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.