RIVERBED TECHNOLOGIES
(RVBD-Nasdaq):
Technical Viewpoint: From a low
of $19.62 on Dec 9, 2009 prices
rallied, reaching a
high of $25.34
on Jan 22, 2010. A
decline saw prices pull back, reaching a
low of
$22.15 on Feb 15, 2010.
Another rally saw prices penetrate
resistance, closing 2/12/10
at $26.33. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 11, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $24.65. Resistance: Is at $22.65.
Point & Figure: Reversed to the upside on Feb 8, 2010. A P&F upside
reversal takes place at $24.00. Summary: Technical indicators have turned bullish. BUY! RIVERBED TECHNOLOGIES
(RVBD-Nasdaq) @ $26.63 Stop: Use a protective stop of $24.63.
RIVERBED TECHNOLOGIES is currently trading @ $26.33 plus $1.35 on Feb 12, 2010. Price Objective:
$37.50. Risk/Reward: $2.00 VS. $10.87. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$37.50
Risk/Reward:
$2.00 VS. $10.87
Risk/Reward Ratio:
5:1
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