Redback Networks, Inc. (RBAK)

[PowerPole]

RBAK has posted it's Q3 Earnings on 10/19/05...

http://biz.yahoo.com/ap/051019/earns_redback_networks.html?.v=1

And it looks like the market Liked what they heard...
I know I liked it, and am looking forward to a better Q4...
I'm surprised it went up so much the next day, because they missed ANALysts expectations, by a LOT...RBAK doesn't usually trade in the pre-market or after-hours trading sessions, but it did the day of their report, and took a pretty good hit in after-hours trading...
But the next morning, it opened Strong, rallied, and has held two thirds of it's gains...

Ten Day/Hourly Chart:
UP 1.30 the first few hours Thursday!...
And it held two thirds of those gains by the close Friday...
It's almost completely oversold on the hourly chart...


Three Month/Daily Chart:
From the bottom Bollinger Band to the top one, in one day, Wow.
Friday's shooting star candlestick suggests a lower Monday, or a consolidation at these levels before the next push up...
But look at that perfect MACD crossover UP about to happen if the pps can climb up slowly from here...


Six Month/Weekly Chart:
It looks like the third retracement on this chart may be over, and ready for higher highs?...The pps is holding above the 15DMA...The RSI and Stochastics are upticking...The DMI- is downticking...We could be looking at a nice MACD Kiss off the zero line--Very Bullish...And the increase in Volume is encouraging...Could we be looking at taking out the old highs, and cruising into clear blue skies ahead soon??? I sure hope so...We are still Long and Strong on Redback...