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.
Copyright The Fund My Mutual Fund. All rights reserved.