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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: ColtonGang who wrote (28170)	6/15/2001 1:03:19 PM
From: ColtonGang	Respond to of 37746

Technical Breakout: F5 Networks, Inc. Boston, Jun 13, 2001 (Midnight Trader via COMTEX) -- When we last wrote about F5 Networks (FFIV) we said that if the stock managed to stay above the $10 level another attempt at breaking above $14 and continuing the upward trendline was possible. On Tuesday, the stock posted a nice 19.07% gain and closed at $14.05. The move, however, is not yet sufficient to confirm a continuation of the upward trendline, and the stock needs to break above $15 to confirm that trend. But the strong volume seen on Tuesday is an encouraging factor that a further upward movement is likely. The only concern is a gap left in the chart between $12 and $12.50. Stock is trading higher on 119,459 Island shares.