F5 Networks (FFIV) Stock Is Friday's 'Chart of the Day'

NEW YORK (TheStreet) -- Shares of F5 Networks (FFIV) were lower in midday trading on Friday.

Last week, the Seattle-based application delivery services provider reported better-than-expected results for the 2016 fiscal fourth quarter and gave a positive outlook.

TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified F5 as the "Chart of the Day." Here is what Versace and Lang had to say about the company:

There is not much to like these days in technology. While many earnings reports have been viewed favorably, most names have not seen a bounce and continue to be sold. That happens when the market is in distribution.

F5 Networks, however, is showing some good relative strength and terrific volume. The gap left post-earnings last week remains open and should fill down the road, and the path of least resistance continues up. Also, moving average convergence divergence (MACD) is on a buy signal.

We could see the stock move sideways in the interim before heading upward again toward recent highs.

Chris Versace and Bob Lang "Chart of the Day: F5 Networks" originally published on 11/4/16 on Trifecta Stocks.

Want more like this from Chris Versace and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now here.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. 

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: FFIV

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