Many of the leading cloud computing stocks, today, are coming under some early selling pressure. Recently, this leading group of stocks has come under some heavy selling pressure. F5 Networks Inc. (FFIV) is a leading cloud computing networking stock that sold off last week after reporting a very weak second quarter earnings report. Many investors are now thinking that many other cloud computing stocks can be weak during the coming earnings season. Today, FFIV stock is trading lower by $1.39 to $71.82 a share. Short term traders should watch for intra-day support around the $69.00, and $67.00 levels.
Elsewhere In The Cloud
Other leading stocks in the cloud computing space include Citrix Systems Inc. (CTXS), Rackspace Hosting Inc. (RAX) and Salesforce.com Inc. (CRM). All of these stocks remain weak on the daily chart. Also know that each is oversold on the charts, so watch for short-term bounces at anytime.
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Cloud Stocks: Oversold But Still In Storm's Eye
Published 04/08/2013, 12:07 PM
Updated 07/09/2023, 06:31 AM
Cloud Stocks: Oversold But Still In Storm's Eye
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