|By PR Newswire||
|April 8, 2014 12:56 PM EDT||
LONDON, April 8, 2014 /PRNewswire/ --
The trading session on Monday, April 07, 2014 ended on a negative note as the Dow Jones Industrial Average finished at 16,245.87, down 1.02%, and the NASDAQ Composite closed at 4,079.75, down 1.16%. The S&P 500 finished the session 1.08% lower at 1,845.04. The losses were broad based as nine out of ten sectors posted losses. The S&P 500 Information Technology Sector Index finished the day at 582.77, down 0.75%, while the same has gained 0.41% in the previous three months. Investor-Edge has initiated coverage on the following equities: Splunk Inc. (NASDAQ: SPLK), Red Hat Inc. (NYSE: RHT), Fortinet Inc. (NASDAQ: FTNT) and SAP AG (NYSE: SAP). Free technical research on SPLK, RHT, FTNT and SAP can be downloaded upon signing up at:
Splunk Inc.'s stock finished the session 3.37% lower at $60.57. A total of 8.28 million shares were traded, which is above their three months average volume of 2.30 million shares. The stock fluctuated between $58.29 and $64.22 during the session. Splunk Inc.'s stock has fallen by 14.83% in the previous three trading sessions, 31.67% in the last one month and 11.80% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $82.20 and $65.62, respectively. Furthermore, the stock has a Relative Strength Index (RSI) of 26.82. Sign up today to read free research on SPLK at:
Shares in Red Hat Inc. reported a trading volume of 2.72 million shares, as compared with its three months average volume of 1.75 million shares. The stock ended the day 1.21% lower at $49.85, and at an intraday range of $49.49 and $50.90. The company's shares traded at a PE ratio of 53.18. Red Hat Inc.'s shares have lost 6.14% in the previous three trading sessions, 17.63% in the last month and 11.05% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $57.21 and $51.32, respectively. Further, the stock has an RSI of 26.64. Sign up today to read free research on RHT at:
On Monday, shares in Fortinet Inc. gained 1.27% to close the day at $22.29. The stock recorded a trading volume of 3.25 million shares as compared with its three months average volume of 3.05 million shares. The stock oscillated between $21.90 and $22.72 during the trading session. Shares of the company traded at a PE ratio of 87.65. Fortinet Inc.'s shares have fallen by 2.15% in the previous three trading sessions and 4.70% in the last one month, while the same has advanced 16.52% on YTD basis. The stock is trading below its 50-day moving average. Fortinet Inc.'s 50-day moving average of $22.38 is above its 200-day moving average of $20.43. Moreover, the stock has an RSI of 44.45. Sign up today to read free research on FTNT at:
SAP AG's stock recorded a trading volume of 0.98 million shares, as compared with its three months average volume of 1.12 million shares. The stock ended the day at $79.47, down 1.38%, after vacillating between $79.10 and $80.36. SAP AG's shares have advanced 1.64% in the last one month, while the same has fallen by 1.88% in the previous three trading sessions and 8.80% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $78.27 and $77.47, respectively. Additionally, shares of the company have an RSI of 58.15. Sign up today to read free research on SAP at:
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