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Technical Briefing on Equities Reaching New High -- Research on Baker Hughes, Encana, InvenSense, and Diamondback Energy

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LONDON, March 31, 2014 /PRNewswire/ --

On Friday, March 28, 2014, the NASDAQ Composite finished at 4,155.76, up 0.11%. The Dow Jones Industrial Average closed the session at 16,323.06, up 0.36% and the S&P 500 ended the day at 1,857.62, higher by 0.46%. The gains were broad based with eight out of ten sectors ending the session in positive. Investor-Edge looks at some of the equities that hit a new 52-week high during the last session. These include Baker Hughes Inc. (NYSE: BHI), Encana Corp. (NYSE: ECA), InvenSense Inc. (NYSE: INVN) and Diamondback Energy Inc. (NASDAQ: FANG). Free technical research on BHI, ECA, INVN and FANG can be downloaded upon signing up at:

http://www.investor-edge.com/584-register


On Friday, Baker Hughes Inc.'s stock traded in the range of $63.63 and $65.50, hitting a new 52-week high of $65.50. The company's stock reported a gain of 2.63%, ending the day at $65.27. A total of 4.96 million shares were traded, which is above a three month average volume of 4.57 million. The company's shares have gained 4.03% in the previous three trading sessions and 19.87% in the last three months. The company's stocks traded at a PE ratio of 24.82 and were up 18.11% on YTD basis. The S&P 500 Energy Sector Index posted gains of 1.78% in the previous three trading sessions and 2.29% in the last one month. The company's stock is trading above its 50-day and 200-day moving averages. Baker Hughes Inc.'s 50-day moving average of $60.28 is above the 200-day moving average of $53.42. Additionally, shares of the company have a Relative Strength Index (RSI) of 69.26. Sign up today to read free research on BHI at:

http://www.investor-edge.com/584-BHI-31Mar2014.pdf


Encana Corp.'s shares edged 0.85% higher on Friday, finishing the day at $21.42, after hitting a new 52-week high of $21.50. The stock recorded a trading volume of 4.64 million shares, compared with a three month average volume of 5.25 million shares. Encana Corp.'s shares traded at a PE ratio of 32.45 and were up 18.67% on YTD basis. Shares of the company have surged 12.86% in the last one month and 18.74% in the previous three months. The S&P 500 Energy Sector Index mapped a gain of 1.24% during the session and the same has advanced 2.29% in the last one month. The stock is trading above its 50-day and 200-day moving averages Encana Corp.'s 50-day moving average of $19.19 is above the 200-day moving average of $18.12. Furthermore, shares of the company have an RSI of 74.33. Sign up today to read free research on ECA at:

http://www.investor-edge.com/584-ECA-31Mar2014.pdf


On Friday, InvenSense Inc.'s stock advanced 0.67%, to close the day at $22.70, hitting a new 52-week high of $24.34. The stock recorded a trading volume of 3.06 million shares, compared with a 3-month average volume of 2.95 million shares. The company's shares traded at a PE ratio of 59.28 and were up 9.24% on YTD basis. Shares of InvenSense Inc. have gained 12.66% in the last one month and 13.10% in the previous three months. The S&P 500 Information Technology sector Index mapped a gain of 0.47% during the session, and the same has charted up by 1.03% during the previous three months. The stock is trading above its 50-day and 200-day moving averages. InvenSense Inc.'s 50-day moving average of $21.03 is above the 200-day moving average of $18.25. Additionally, the company's shares have an RSI of 54.73. Sign up today to read free research on INVN at:

http://www.investor-edge.com/584-INVN-31Mar2014.pdf


Shares in Diamondback Energy Inc. ended the day at $69.70, up 2.44%, hitting a new 52-week high of $69.90 on Friday. The stock reported a trading volume of 1.47 million shares during the trading session, compared with a 3-month average volume of 0.90 million shares. Diamondback Energy Inc.'s shares traded at a PE ratio of 52.96 and were up 31.80% on YTD basis. Shares of the company have surged 8.41% in the previous three trading sessions and 34.22% in the last three months. The S&P 500 Energy Sector Index mapped a gain of 1.24% during the session, and the same has advanced 0.20% in the previous three months. The company's stock is trading above its 50-day and 200-day moving averages of $59.29 and $48.14, respectively. Moreover, the stock has an RSI of 73.03. Sign up today to read free research on FANG at:

http://www.investor-edge.com/584-FANG-31Mar2014.pdf


===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

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Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-edge. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Investor-edge in this article or report according to the Procedures outlined by Investor-edge. Investor-edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

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