Riverbed Technology (RVBD) NewsBite - Trading With Unusual Volume
Posted: Monday, February 08, 2010 2:38 PM EDT
By: Market Intelligence Center Staff
Riverbed Technology (RVBD) appears to be trading at a higher than usual volume today and is now at $24.78, up $0.69 (2.84%) on volume of 1,588,311 shares traded. For the last 30 days RVBD has traded 1,131,163 shares on average each day. So far today's volume is 40.41% above that average volume. Over the last 52 weeks the stock has ranged from a low of $9.58 to a high of $25.99. Riverbed Technology stock has been showing support around $22.38 and resistance in the $25.06 range. Technical indicators for the stock are bearish and S&P gives RVBD a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on RVBD the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
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