Riverbed Technology, Inc. provides solutions to the fundamental
problems associated with information technology (IT) performance across
wide area networks (WANs) in the United States and internationally. It
offers Steelhead products, which enable customers to enhance the
performance of applications and access data across WANs. The company's
Steelhead products include the Steelhead Mobile that provides mobile
workers with LAN-like access to corporate files and applications;
Virtual Steelhead appliance to extend the WAN optimization; Cloud
Steelhead, a solution for public cloud computing environments; Central
Management Console that provides centralized configuration, monitoring,
and control for deploying and managing Steelhead products across a WAN;
and Interceptor appliance, which allows organizations to scale their WAN
optimization solutions. It also offers Granite appliances that allow IT
to consolidate servers and storage from branch offices to the data
center without compromising branch application performance; and Cascade
appliances, which help organizations to manage, secure, and optimize the
availability and performance of global applications.
Please take a look at the 1-year chart of RVBD (Riverbed Technology, Inc.) below with my added notations:
RBVD has been working its way lower since its October peak. Over the
last (6) months, the stock has formed a key level at $16 (navy), which
has most recently been acting as resistance. Late last week the stock
finally broke back above $16. In addition, the stock broke through on an
increase in volume (red). The volume increase adds validity to the
breakout.
The Tale of the Tape: RVBD had a key level of
resistance at $16 that should now act as support on any pullbacks. A
long trade could be entered on a pullback to $16 with a stop placed
below that level. However, if the stock were to break back below $16, a
short trade could be made instead.
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