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F5 Networks gaps down sharply after Q2 guidance cut, levels to watch

The stock is down over 17% in the pre-market following a guidance cut made last night after the close for the company's Q2. The new Q2 EPS range is $1.06 to $1.07, versus consensus of $1.23. At the current price of $74.70, support is at $71.05, a pivot low from September 2011. Resistance is at $77.95.