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Stock Updates on Information Technology Bellwethers - Research on Akamai Technologies, Yelp, SouFun Holdings, and LinkedIn

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LONDON, March 24, 2014 /PRNewswire/ --

On Friday, March 21, 2014, the NASDAQ Composite ended at 4,276.79, down 0.98%, the Dow Jones Industrial Average declined 0.17% to 16,302.77, and the S&P 500 closed at 1,866.52, down 0.29%. Four out of ten sectors ended the session in negative. The S&P 500 Information Technology Sector Index finished the day at 598.00, down 0.45%, while the same has gained 0.85% in the last one month. Investor-Edge has initiated coverage on the following equities: Akamai Technologies Inc. (NASDAQ: AKAM), Yelp Inc. (NYSE: YELP), SouFun Holdings Ltd (NYSE: SFUN) and LinkedIn Corp. (NYSE: LNKD). Free technical research on AKAM, YELP, SFUN and LNKD can be downloaded upon signing up at:


Shares in Akamai Technologies Inc. recorded a trading volume of 3.39 million shares on Friday, as compared with a three month average volume of 2.58 million shares. The stock ended the day at $60.72, down 2.00% after trading between $60.47 and $62.74. The company's shares have rallied 27.80% in the previous three months and 28.70% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. Akamai Technologies Inc.'s 50-day moving average of $55.72 is above the 200-day moving average of $48.92. Furthermore, shares of the company are trading at a PE ratio of 39.76 and at an Relative Strength Index (RSI) of 55.98. Sign up today to read free research on AKAM at:


On Friday, Yelp Inc.'s stock edged 1.04% lower to close the day at $83.43. A total of 3.24 million shares were traded, which is below the three months average volume of 3.32 million. The company's shares oscillated between $82.64 and $86.84 during the trading session. Yelp Inc.'s shares have surged 22.15% in the previous three months and 21.00% on YTD basis, while the same has lost 9.14% in the last one month. The stock is trading above its 200-day moving average. Yelp Inc.'s 50-day moving average of $86.55 is above the 200-day moving average of $63.67. Further, the company's stock is trading at an RSI of 39.58. Sign up today to read free research on YELP at:


SouFun Holdings Ltd.'s stock declined 0.48% on Friday, finishing the session at $75.04. The stock recorded a trading volume of 2.27 million shares as compared to a three months average volume of 1.79 million shares. The stock fluctuated between $73.33 and $79.77 during the session. SouFun Holdings Ltd.'s shares have lost 6.19% in the last one month and 8.94% on YTD basis. The stock is trading above its 200-day moving average. SouFun Holdings Ltd's 50-day moving average of $82.80 is above the 200-day moving average of $57.46. Moreover, the stock is trading at a PE ratio of 21.82 and at an RSI of 38.84. Sign up today to read free research on SFUN at:


On Friday, shares in LinkedIn Corp. witnessed a trading volume of 2.76 million shares, as compared with a three month average volume of 2.83 million shares. The stock ended the day at $196.72, down 3.77% after vacillating between $196.17 and $205.45. Shares in LinkedIn Corp. have advanced 2.13% in the last one month, while the same has declined 10.59% in the previous three months and 9.27% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. LinkedIn Corp.'s 200-day moving average of $216.76 is above the 50-day moving average of $206.95. Additionally, the company's shares are trading at a PE ratio of 855.30 and at an RSI of 44.64. Sign up today to read free research on LNKD at:



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