Chart of the week
NEWS!!!!
MENTORING PROGRAM
http://www.ivicatradingcharts.com/Mentoring.aspx
Date: 02/08/2010
Symbol: RVBD
Company Profile: Riverbed Technology, Inc. provides solutions to the fundamental problems of wide-area distributed computing in the United States and international
Sector: Technology
Industry: Networking & Communication Devices
TRADING PLAN
Entry price: long above: 24.20
Stop price: stop under: 22.85
Target: 30 areas
Chart explanation: RVBD is obviously stronger then market and if we include monthly chart we can see that RVBD have room to turn from swing to position trade. It is important to stay above 50sma at this point. Initial target will be 30 are, but all depends on breakup pace and volume.
If anyone have any question or need update feel contact me over email or in the live trading room.
NEWS!!!!
MENTORING PROGRAM
http://www.ivicatradingcharts.com/Mentoring.aspx
Date: 02/08/2010
Symbol: RVBD
Company Profile: Riverbed Technology, Inc. provides solutions to the fundamental problems of wide-area distributed computing in the United States and international
Sector: Technology
Industry: Networking & Communication Devices
TRADING PLAN
Entry price: long above: 24.20
Stop price: stop under: 22.85
Target: 30 areas
Chart explanation: RVBD is obviously stronger then market and if we include monthly chart we can see that RVBD have room to turn from swing to position trade. It is important to stay above 50sma at this point. Initial target will be 30 are, but all depends on breakup pace and volume.
If anyone have any question or need update feel contact me over email or in the live trading room.
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