|By PR Newswire||
|March 28, 2014 03:08 AM EDT||
LONDON, March 28, 2014 /PRNewswire/ --
On Wednesday, March 26, 2014, the NASDAQ Composite finished at 4,173.58, down 1.43%. The Dow Jones Industrial Average closed the session at 16,268.99, down 0.60% and the S&P 500 ended the day at 1,852.56, lower by 0.70%. The losses were broad based with nine out of ten sectors ending the session in negative. Investor-Edge looks at some of the equities that hit a new 52-week high during the last session. These include EMC Corp. (NYSE: EMC), Corning Inc. (NYSE: GLW), Brocade Communications Systems Inc. (NASDAQ: BRCD) and Nabors Industries Ltd (NYSE: NBR). Free technical research on EMC, GLW, BRCD and NBR can be downloaded upon signing up at:
EMC Corp.'s stock ended the day at $27.33, down 3.02%, hitting a new 52-week high of $28.26 on Wednesday. The stock reported a trading volume of 32.55 million shares during the trading session, compared with the 3-month average volume of 23.27 million shares. EMC Corp.'s shares traded at a PE ratio of 19.72 and were up 8.67% on YTD basis. Shares of the company have advanced 3.72% in the last one month and 9.23% in the previous three months. The S&P 500 Information Technology Sector Index mapped a loss of 1.31% during the session, while the stock has gained 0.10% in the last one month. The stock is trading above its 50-day and 200-day moving averages of $25.99 and $25.28, respectively. Relative Strength Index (RSI) of the stock was 73.02 at the end of the session. Sign up today to read free research on EMC at:
On Wednesday Corning Inc.'s stock advanced 1.84% to close the day at $20.43, hitting a new 52-week high of $20.69. The stock recorded a trading volume of 19.39 million shares, compared with the 3-month average volumes of 12.16 million shares. The company's shares traded at a PE ratio of 14.45 and were up 14.65% on YTD basis. Shares of Corning Inc. have surged 4.66% in the previous three trading sessions and 15.23% in the previous three months. The S&P 500 Information Technology sector Index mapped a loss of 1.31% during the session, while the same has charted up by 1.59% during the last three months. The stock is trading above its 50-day and 200-day moving averages. Corning Inc.'s 50-day moving average of $18.78 is above the 200-day moving average of $16.43. Additionally, the company's shares were trading at an RSI of 66.51. Sign up today to read free research on GLW at:
Shares in Brocade Communications Systems Inc. declined 2.01% on Wednesday, finishing the day at $10.25 after hitting a new 52-week high of $10.59. The stock recorded a trading volume of 6.94 million shares, which is above the 3-month average volume of 5.47 million shares. Brocade Communications Systems Inc.'s shares were traded at a PE ratio of 14.22 and were up 15.62% on YTD basis. Shares of the company have advanced 6.77% in the last one month and 18.22% in the previous three months. The S&P 500 Information Technology sector Index posted gains of 0.10% in the last one month and 1.59% in the previous months. The stock is trading above its 50-day and 200-day moving averages. Brocade Communications Systems Inc.'s 50-day moving average of $9.68 is above the 200-day moving average of $8.12. Furthermore, shares of the company were trading at an RSI of 68.59. Sign up today to read free research on BRCD at:
On Wednesday, shares in Nabors Industries Ltd fluctuated in the range of $23.99 and $25.06, hitting a new 52-week high of $25.06. The company's stock ended the day at $24.03, down 3.34%. A total of 7.70 million shares were traded, which is above the three month average volume of 4.87 million. The company's shares have gained 7.66% in the last one month and 46.61% in the previous three months. The company stocks traded at a PE ratio of 22.85 and were up 41.44% on YTD basis. The S&P 500 Energy Sector Index mapped a loss of 0.32% during the session, while the same has gained 0.65% in the last one month. The company's stock is trading above both its 50-day and 200-day moving averages. Nabors Industries Ltd's 50-day moving average of $20.05 is above the 200-day moving average of $17.25. Moreover, the company's shares were trading at an RSI of 79.17. Sign up today to read free research on NBR at:
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