Riverbed Technology

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Riverbed Technology ( RVBD) 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.

If you liked this article you might like

Why Apple Is Increasingly Investing in Its Suppliers, Including Possibly Toshiba

Western Digital Stock to $100 on Toshiba Deal -- Jim Cramer Explains Why

Western Digital and Toshiba Both Have Good Reasons to Bury the Hatchet Quickly

Why You Keep Cash on Hand; No Downside Conviction -- Jim Cramer's Top Thoughts

How Much Cash Do You Have on You?: Cramer's 'Mad Money' Recap (Monday 8/14/17)