Redback Networks, Inc. (RBAK)

[PowerPole]

RBAK Charts For Last Week...

Last week RBAK Consolidated in an uptrend...The upper Bollinger Band is at 13.70 so that is the possible upside...The support of the 15DMA is still intact...The OBV, CMF, and A/D lines are showing strength...The CCI and RSI are both upticking...The ADX shows the uptrent is intact, and the DMI+ and DMI- show further divergence--Bullish...The Stochastics fast line is crossing up through the slow line and is not Overbought yet...The MACD is still upticking, and the Histogram may be setting up for a nice Kiss up off the zero line--Bullish...Friday was a half day, so that explains the low Volume...Overall--This chart is still looking Bullish, and with the News that came out this morning about RBAK and HP teaming up, I would expect this to be the week RBAK breaks out to new 52 Week Highs again...


Again, a nice Consolidation in an Uptrend--Bullish...The OBV, CMF, and A/D lines may break up above resistance levels...The CCI and RSI are not too high...The ADX is upticking, and the DMI- is downticking--Bullish...Stochastics are not too Overbought...The MACD has crossed up through zero, and it looks like a perfect MACD Crossover may be in the works...The Volume has diminished lately, but may increase this week due to the News about HP...Overall, I think it will be another Up week...