Technical Research on Riverbed Technology, Juniper Networks and Finisar
LONDON, February 28, 2013 /PRNewswire/ --
Technology spending is expected to rebound in 2013 as global economy continues to show signs of improvement. The U.S. economic data in recent weeks has indicated that the recovery in the world's largest economy remains on track. Japan has implemented aggressive monetary measures to kick start growth. Eurozone, however, remains a concern. Still networking & communications devices makers such as Riverbed Technology Inc. (NASDAQ: RVBD), Juniper Networks Inc. (NYSE: JNPR), and Finisar Corporation (NASDAQ: FNSR) can expect a solid year ahead. On Wednesday, shares of all three technology companies rose sharply, tracking gains in the broad market. The S&P 500 posted its second straight day of gain, finishing 1.27% higher. The Technology sector rose 0.86% yesterday. StockCall has posted free technical research reports on RVBD, JNPR and FNSR and these can be accessed by signing up at
http://www.stockcall.com/analysis
Although Riverbed Technology's shares managed to finish higher in Wednesday's trading session, the gains were modest. The stock closed 0.32% higher at $15.75 on volume of 3.02 million. For the week, Riverbed Technology Inc. shares have fallen more than 3%. Year-to-date, the stock has fallen more than 20%, underperforming the broad market. The company's shares had fallen sharply earlier this month after the company reported its fourth quarter financial results. However, the MACD chart suggests that the bearish trend may be coming to an end. Riverbed's shares could face resistance at around $21. The stock currently has support at around $19. Its shares are currently trading on a P/E ratio of 47.73. Download the free report on RVBD upon registration at
http://www.StockCall.com/RVBD022813.pdf
Juniper Networks shares rose sharply on Wednesday, as the broad market rallied. The stock closed 1.27% higher at $20.72 on volume of 4.96 million. Despite the gains yesterday, shares of the Sunnyvale, California-based technology company have fallen more than 3% this week. Year-to-date, Juniper Networks shares have gained more than 5.3%, underperforming the S&P 500, which has gained more than 6% in the same period. The stock is currently trading on a P/E ratio of 57.56. Its shares recently slipped below their 50-day moving average, which is a bearish signal. The bearish trend is further confirmed by the MACD chart. The stock's MACD has slipped below the zero-line and is also trading below the signal line. The company's shares currently have support at around $20.50. JNPR technical report can be accessed for free by signing up at
http://www.StockCall.com/JNPR022813.pdf
Shares of Finisar Corp. rose sharply in Wednesday's trading session. The stock closed 3.14% higher at $14.77 on volume of 2.44 million. Despite the sharp rise yesterday, Finisar shares have fallen more than 2.50% this week. Year-to-date, the stock has fallen more than 9.3%, making it one of the worst performing technology stocks this year. The company's shares have seen a sharp pullback from $17 resistance level. The stock has slipped below its 50-day moving average, which is a bearish signal. The MACD is currently trading below the signal line and the zero-line, which further confirms the bearish trend. Finisar's shares currently have support at around $14. Free report on FNSR can be accessed by registering at
http://www.StockCall.com/FNSR022813.pdf
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