[June 06, 2013] Watch for Riverbed Technology to Potentially Pullback After Gaining 4.29% Yesterday Tweet Jun 06, 2013 (SmarTrend(R) News Watch via COMTEX) -- Riverbed Technology (NASDAQ:RVBD) traded in a range yesterday that spanned from a low of $15.41 to a high of $16.23. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $15.55 on volume of 5.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. Over the past year, Riverbed Technology has traded in a range of $13.30 to $41.83 and is now at $16.04, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.4%. SmarTrend recommended that its subscribers protect gains by selling shares of Riverbed Technology on February 8th, 2013 by issuing a Downtrend alert when the shares were trading at $16.61. Since that call, shares of Riverbed Technology have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]