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Upgrade Alert for Riverbed Technology (RVBD)
[November 20, 2012]

Upgrade Alert for Riverbed Technology (RVBD)

Nov 20, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Riverbed Technology (NASDAQ:RVBD) was upgraded from Market Perform to Outperform at Northland Securities today. The stock closed yesterday at $17.23 on volume of 7.7 million shares, above average daily volume of 5.6 million. Riverbed Technology share prices have moved between a 52-week high of $41.83 and a 52-week low of $13.30 and closed yesterday at 30% above that low price at $17.23 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.5%.

Riverbed Technology, Inc. manufactures and markets appliances used to connect computers in wide area networks.

Potential upside of 40.4% exists for Riverbed Technology, based on a current level of $17.23 and analysts' average consensus price target of $24.19. The stock should find initial resistance at its 200-day moving average (MA) of $21.57 and further resistance at its 50-day MA of $21.80.

SmarTrend recommended that its subscribers protect gains by selling shares of Riverbed Technology on October 31st, 2012 by issuing a Downtrend alert when the shares were trading at $18.99. Since that call, shares of Riverbed Technology have fallen 9.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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