Storms In The Cloud – FFIV, VMW, RVBD, NFLX, ORCL

This morning, some of the leading cloud computing stocks are coming under selling pressure. Leading cloud computing stocks such as F5 Networks, Inc.(NASDAQ:FFIV), and VMware, Inc.(NYSE:VMW) are leading the cloud computing sell off. Both of these stocks have already bounced off of the morning lows. It is important to note that most of the leading cloud computing stocks are now oversold and could be due for a short term bounce in the coming days. Should FFIV stock trade lower again traders should watch for short term intra-day support around the $120.00, and $117.00 levels. VMW stock should have decent intra-day support around the $102.80, and $100.00 levels.

Some other leading could computing stocks that are showing some early weakness include Riverbed Technology, Inc. (NASDAQ:RVBD), Netflix, Inc. (NASDAQ:NFLX), and Oracle Corp (NASDAQ:ORCL). Most of these leading cloud stocks are nearing short term oversold conditions. Please understand that earnings season has started and these stocks will all be very volatile while the earnings reports are released. Please check the earnings date before trading any stock during earnings season.

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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