Cloud Stocks Fly – FFIV, RVBD, CRM, VMW, CTXS

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.

About Nicholas Santiago 575 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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