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F5 Networks and Netflix Are The NASDAQ Laggards



June 30, 2011 – Comments (0)

This morning, the major stock indexes are rallying higher for the fourth consecutive trading day. The NASDAQ Composite is trading higher by over 24.00 points to 2765.00. Just about every leading NASDAQ 100 stock is trading higher on the day. There seems to be just a couple of leaders that are lagging the tech heavy index. The two leading tech stocks that are trading lower are F5 Networks Inc.(NASDAQ:FFIV), and Netflix Inc.(NASDAQ:NFLX).

F5 Networks is a leading networking stock that has surged higher by $15.00 since June 20, 2011 when the stock traded as low as $96.21 a share. Short term traders can look for intra-day support around the $109.43 level should the stock decline throughout the session. The stock will have intra-day resistance around the $112.25 area should it rally higher.

Netflix Inc.(NASDAQ:NFLX) is the leading provider of online movie rental subscriptions. The stock has been a stock market leader for the past two years. This morning, NFLX stock is declining by $2.44 a share to $262.50 a share. Traders should watch for short intra-day support around the $262.00, and $260.00 levels.

Nicholas Santiago

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