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Scanning Equities that Reached New Highs -- Research on Abraxas Petroleum, Tech Data, MSC Industrial Direct, and Orange

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LONDON, April 10, 2014 /PRNewswire/ --

On Wednesday, April 09, 2014, the NASDAQ Composite ended at 4,183.90, up 1.72%, the Dow Jones Industrial Average advanced 1.11%, to finish the day at 16,437.18, and the S&P 500 closed at 1,872.18, up 1.09%. The gains were broad based as eight out of ten sectors ended 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 Abraxas Petroleum Corp. (NASDAQ: AXAS), Tech Data Corp. (NASDAQ: TECD), MSC Industrial Direct Co. Inc. (NYSE: MSM) and Orange S.A. (NYSE: ORAN). Free technical research on AXAS, TECD, MSM and ORAN can be downloaded upon signing up at:


On Wednesday, Abraxas Petroleum Corp.'s stock traded in the range of $4.21 and $4.44, hitting a new 52-week high of $4.44. The stock reported a gain of 5.49%, ending the day at $4.42. A total of 2.55 million shares were traded, which is above its three month average volume of 1.23 million shares. The company's shares have rallied 33.94% in the last one month and 38.99% in the previous three months. The stock traded at a PE ratio of 20.02 and were up 35.54% on YTD basis. The S&P 500 Energy sector Index mapped a gain of 0.48% during the session, and the same has charted up by 2.95% during the last one month. The stock is trading above its 50-day and 200-day moving averages. The company's 50-day moving average of $3.50 is above its 200-day moving average of $3.03. Additionally, the stock's Relative Strength Index (RSI) is 67.29. Sign up today to read free research on AXAS at:


Shares in Tech Data Corp. advanced 5.43% on Wednesday, finishing the day at $64.83, after hitting a new 52-week high of $65.98. The stock recorded a trading volume of 1.20 million shares, compared with its three month average volume of 0.25 million shares. Tech Data Corp.'s shares have gained 25.64% on YTD basis. Shares of the company have gained 12.67% in the last one month and 25.49% in the previous three months. The S&P 500 Information Technology Sector Index mapped a gain of 1.56% during the session and the same has advanced 3.33% in the previous three months. The stock is trading above its 50-day and 200-day moving averages of $57.07 and $52.42, respectively. Furthermore, shares of the company have an RSI of 64.97. On the same day, Tech Data Corp. announced its FY 2014 and Q4 FY 2014 financial results (period ended January 31, 2014). Sign up today to read free research on TECD at:


On Wednesday, MSC Industrial Direct Co Inc.'s stock gained 3.87%, to close the day at $89.92, hitting a new 52-week high of $92.87. The stock recorded a trading volume of 1.42 million shares, as compared with its three month average volume of 0.46 million shares. The company's shares traded at a PE ratio of 24.11 and were up 11.19% on YTD basis. Shares of MSC Industrial Direct Co Inc. have gained 3.07% in the previous three trading sessions and 6.25% in the previous three months. The S&P 500 Industrials Sector Index mapped a gain of 1.25% during the trading session, and the same has gained 0.77% in the last three months. The stock is trading above its 50-day and 200-day moving averages. MSC Industrial Direct Company Inc.'s 50-day moving average of $85.39 is above its 200-day moving average of $81.38. Additionally, the company's shares have an RSI of 50.69. Sign up today to read free research on MSM at:


Orange S.A.'s stock ended the day at $15.03, up 2.31%, hitting a new 52-week high of $15.05 on Wednesday. The stock reported a trading volume of 0.81 million shares during the trading session, as compared with its three month average volume of 0.72 million shares. Orange S.A.'s shares have advanced 21.70% on YTD basis. Shares of the company have surged 5.99% in the last one month and 20.63% in the previous three months. The S&P 500 Telecommunication services sector Index posted gains of 4.62% in the last one month and 3.56% in the previous three months. The company's stock is trading above its 50-day and 200-day moving averages of $13.37 and $12.14, respectively. Moreover, the stock has an RSI of 64.20. Sign up today to read free research on ORAN at:



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