Monday, June 1, 2009

Riverbed Surges to 52 Week High

Riverbed (RVBD) continues to move upwards as the market becomes more and more convinced that they have better products then new DOW component Cisco (CSCO) and Juniper Networks (JNPR). Only 50 or so NASDAQ stocks have hit 52 week highs today so its impressive indeed to be on that list. Though most companies like RVBD are still down 50%+ from the recent highs if not all time highs, RVBD was one of the first companies to bounce back.

Stone Fox continues to hold RVBD as a likely candidate to eventually return to its highs in the low $50s.

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