Riverbed Technology (RVBD) Joins F5 Networks (FFIV) in House of (Technical) Pain

By Trader Mark
22 March 2011 @ 12:10 pm EDT

I mentioned last week how a mega stalwart from the past few years, F5 Networks (FFIV), had completely broken down technically.  [Mar 18, 2011: Fall from Grace for F5 Networks]  Despite this rally it has not recovered much and it remains a 'short on bounces until it proves otherwise' stock.  Joining it now, is another of the superstars of the past few years - Riverbed Technology (RVBD) - which is faltering badly today after breaking the key 50 day moving average a few days ago.  Indeed, it has been down 8 of the past 10 sessions.

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