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

I mentioned last week how a mega stalwart from the past few years, F5 Networks (FFIV), had completely broken down technically. 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.

RVBD does not have a lot of gaps to fill like F5 Networks had, but as I said with the FFIV… if the stock drops to that 200 day moving average, I’d be a very interested buyer.  The chart would be a mess, but at that point you’d be speaking more from a fundamental/valuation basis.

For whatever reason, there seems to be a major rotation out of some of the “2009-2010 tech superstars”… if only we could read HAL9000’s mind.

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About Mark Hanna 542 Articles

Affiliation: Hanna Capital, LLC

Mark Hanna is President and Owner of Hanna Capital, LLC, a registered investment advisory firm. Mark has been a follower of markets since the late 80s, with a focus on individual equities since the mid 90s. He has been a well known commentator in the financial blogosphere for the past 5 years, following a career in corpoporate finance and accounting. Mark attended the University of Michigan where he graduated with a degree in Economics.

As an avid reader, Market Montage is the personal blogging site for Mark to share his views on economics, markets, and the like. Occasional cynicism and wit shall be deployed in his postings.

Follow Mark on Twitter @fundmyfund.

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