|By PR Newswire||
|March 20, 2014 08:43 AM EDT||
LONDON, March 20, 2014 /PRNewswire/ --
The trading session on Wednesday, March 19, 2014 ended on a negative note as the S&P 500 finished at 1,860.77, down 0.61%; the NASDAQ Composite closed at 4,307.60, down 0.59%; the Dow Jones Industrial Average finished the session 0.70% lower at 16,222.17. The losses were broad based as all ten sectors posted losses. The S&P 500 Information Technology Sector Index finished the day at 596.83, down 0.52%, while the same has gained 1.14% in the last one month. Investor-Edge has initiated coverage on the following equities: Splunk Inc. (NASDAQ: SPLK), SAP AG (NYSE: SAP), Fortinet Inc. (NASDAQ: FTNT) and Red Hat Inc. (NYSE: RHT). Free technical research on SPLK, SAP, FTNT and RHT can be downloaded upon signing up at:
Splunk Inc.'s shares declined 2.30%, closing the day at $87.95. A total of 1.66 million shares were traded, which is below the three months average volume of 1.71 million. The company's shares oscillated between $87.04 and $89.86 during the trading session. Splunk Inc.'s shares have gained 4.00% in the previous three trading sessions, 2.24% in the last one month, and 28.08% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages of $82.60 and $63.55, respectively. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 57.21. Sign up today to read free research on SPLK at:
On Wednesday, shares in SAP AG edged 0.91% lower to finish the day at $77.32. The stock recorded trading volume of 1.58 million shares as compared to a three months average volume of 1.07 million shares. The stock fluctuated between $76.61 and $78.09 during the session. SAP AG's shares have advanced 2.64% in the previous three trading sessions, while the stock declined 2.78% in the last one month and 11.27% on YTD basis. The company's stock is trading below its 50-day moving average. SAP AG's 50-day moving average of $79.16 is above the 200-day moving average of $77.26. Moreover, the stock is trading at the Relative Strength Index (RSI) of 49.54. Sign up today to read free research on SAP at:
Shares in Fortinet Inc. recorded a trading volume of 1.29 million shares, as compared with a three months average volume of 3.13 million shares. The stock finished the day at $23.69, down 0.38% after trading between $23.47 and $23.84. Shares of the company traded at a PE ratio of 93.16. Fortinet Inc.'s shares have gained 3.68% in the previous three trading sessions, 7.10% in the last one month, and 23.84% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages of $21.88 and $20.16, respectively. Additionally, shares of the company are trading at the Relative Strength Index (RSI) of 61.63. Sign up today to read free research on FTNT at:
On Wednesday, shares in Red Hat Inc. recorded a trading volume of 1.85 million shares, as compared with a three months average volume of 1.71 million shares. The stock ended the day at $58.24, down 0.97% and at an intraday range of $58.10 and $59.35. Shares of the company traded at a PE ratio of 63.49. Red Hat Inc.'s shares have advanced 1.08% in the previous three trading sessions and 3.93% on YTD basis, while the stock declined 0.67% in the last one month. The company's shares are trading above their 50-day and 200-day moving averages of $58.02 and $50.75, respectively. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 51.83. Sign up today to read free research on RHT at:
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