[June 12, 2013] Upgrade Alert for Riverbed Technology (RVBD) Tweet Jun 12, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Riverbed Technology (NASDAQ:RVBD) was upgraded from Neutral to Buy at Lazard Capital today. The stock closed yesterday at $15.68 on volume of 3.7 million shares, above average daily volume of 3.4 million. Riverbed Technology, Inc. manufactures and markets appliances used to connect computers in wide area networks. Over the past year, Riverbed Technology has traded in a range of $13.30 to $41.83 and closed yesterday at $15.68, 18% above that low. The 200-day and 50-day moving averages have moved 0.41% lower and 0.44% higher over the past week, respectively. Riverbed Technology has overhead space with shares priced $15.68, or 8.1% below the average consensus analyst price target of $17.06. Riverbed Technology shares should encounter resistance at the 200-day moving average (MA) of $18.10 and support at the 50-day MA of $15.19. 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 5.6%. 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 ]