Technical Research on Riverbed Technology, Juniper Networks and Finisar

   Technical Research on Riverbed Technology, Juniper Networks and Finisar

PR Newswire

LONDON, February 28, 2013

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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