Cloud Stocks Fly
All of the leading cloud computing stocks are surging higher this morning. The catalyst for the rally in the popular cloud computing stocks is due to the strong positive reaction to the F5 Networks Inc (NASDAQ:FFIV) earnings. This morning, FFIV stock is trading higher by $12.30 to 120.70 a share. This rally is helping to lift the entire sector. FFIV stock is very strong today, traders should watch for short term intra-day resistance around the $121.00 area
Leading cloud computing stocks such as VMWare Inc (NYSE:VMW), Riverbed Technology Inc (NASDAQ:RVBD), Salesforce.com Inc (NYSE:CRM), and Citrix Systems Inc (NASDAQ:CTXS) are all trading higher in sympathy to the FFIV news. These stocks all remain strong on the charts at this time.