This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Riverbed Technology(RVBD - Get Report) has developed solutions to the fundamental problems associated with information technology performance across wide area networks. This stock is trading up 3.4% at $26.39 in recent trading.
Today's Volume: 2.6 million
Average Volume: 3.7 million
>>7 Hot Stocks on Traders' Radars
Volume % Change: 61%
Shares of RVBD are moving notably higher today ahead of the company's earnings report which is set for Thursday after the market close.
From a technical perspective, RVBD is moving back above its 200-day
moving average of $26.69 today on decent volume. This is quickly pushing the stock within range of its 50-day moving average of $27.51.
Traders should now look for long-biased trades in RVBD post-earnings if the stock can manage to close over that 50-day with high volume. Look for volume on that move that's near or well above its three-month average action of 3.7 million shares. If we get that action after earnings, then look for RVBD to make a run at $29.50 to $31 or possibly higher.