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F5 Networks (FFIV) flashed the golden cross (50-day moving average rises above 200-day) signal.
The green price bars showing outperformance vs. SPX since early October.
FFIV was a big favorite with the momo crowd.
The key area for the bulls to break with real follow through is $120.
The golden cross is a good filter to help narrow down the field. From there, traders should apply the Seven Steps to Better Stock Trading. For example, it is important to determine if there is a trend. One way to do it is to apply a swing indicator and look for a pattern of higher highs and higher lows. Better yet, just use my Total Indicator for eSignal. It’s free!
