Upcoming breakout points for F5 are as follows:
1. @ 30 3/8, 50 Day Moving Average
2. @ 31, triangle breakout from three recent intraday highs
3. @ 37 1/2, upper Bollinger Band
4. 39 1/4, recent high close (11/2)
5. 40 15/16, recent high intraday (11/3)
6. @ 46.89, 200 Day Moving Average
7. 61, close on 9/5
8. 61 1/2 high intraday on 9/1
61 1/2 would only be a retracement of the past three month decline caused by sector and technology concerns, not by any inherent problems with F5. At 61 1/2 FFIV PEG will still be attractive near 1.0.
Above 70, IMHO, a buyout becomes realistic at double the trading price, i.e. 140+. If not a buyout, at least (more rampant) buyout speculation. Perhaps shorts will cover at 140! FFIV expected growth rate for FY '02 is 87.83%, but this may be conservative. |
