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Technical Notes Covering Application Software Equities -- Splunk, Adobe Systems, Nuance Communications, NQ Mobile, and Citrix Systems

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LONDON, August 29, 2014 /PRNewswire/ --

On Thursday, August 28, 2014, the NASDAQ Composite ended at 4,557.70, down 0.26%, the Dow Jones Industrial Average declined 0.25%, to finish the day at 17,079.57, and the S&P 500 closed at 1,996.74, down 0.17%. The losses were broad based as seven out of ten sectors ended the session in negative. The S&P 500 Information Technology Sector Index ended the day at 661.94, down 0.22%, while the index has advanced 7.81% in the previous three months. Investor-Edge has initiated coverage on the following equities: Splunk Inc. (NASDAQ: SPLK), Adobe Systems Inc. (NASDAQ: ADBE), Nuance Communications Inc. (NASDAQ: NUAN), NQ Mobile Inc. (NYSE: NQ), and Citrix Systems Inc. (NASDAQ: CTXS). Free research on these five companies can be accessed at:  


On Thursday, shares in Splunk Inc. traded between $45.10 and $46.22 before ending the session 1.33% lower at $45.29. The stock reported a trading volume of 3.45 million shares, above its three months average volume of 2.98 million shares. Although, Splunk Inc.'s shares have advanced 3.69% in the previous three trading sessions, it has lost 4.03% in the last one month and 34.05% on YTD basis. The company is trading below its 50-day and 200-day moving averages of $47.32 and $62.75, respectively. Moreover, shares of Splunk Inc. have a Relative Strength Index (RSI) of 54.32. Sign up and read the free notes on SPLK at:


Adobe Systems Inc.'s stock edged 0.25% lower, to close the day at $71.37. The stock recorded a trading volume of 1.06 million shares, much below its three months average volume of 2.63 million shares. The stock oscillated between $70.86 and $71.72 during the session. Over the last three months and since the beginning of this year, Adobe Systems Inc.'s shares have surged 10.07% and 19.19%, respectively. However, the stock has lost 0.63% in the previous three trading sessions. The stock is trading above its 200-day moving average of $64.49, while the 200-day moving average is below Adobe Systems Inc.'s 50-day moving average of $71.46. Additionally, the stock traded at a PE ratio of 129.09 and has an RSI of 55.70. The complimentary notes on ADBE can be downloaded as in PDF format at:


On Thursday, shares in Nuance Communications Inc. recorded a trading volume of 1.21 million shares, lower than its three months average volume of 3.06 million shares. The stock ended the day at $16.87, which was 0.94% below its previous day's closing of $17.03, and registered an intraday range of $16.82 and $17.00. Nuance Communications Inc.'s shares have gained 0.18% in the previous three trading sessions, 4.20% in the last three months and 10.99% on YTD basis. The stock is trading above its 200-day moving average of $16.25. Furthermore, shares of Nuance Communications Inc. have an RSI of 44.69. Register for free on Investor-Edge and access the latest research on NUAN at:


NQ Mobile Inc.'s stock edged 0.90% lower, to close Thursday's session at $6.57, after oscillating between $6.41 and $6.64. The stock recorded a trading volume of 1.17 million shares, much below its three months average volume of 7.74 million shares. Over the last three trading sessions and the previous one month, NQ Mobile Inc.'s shares have fallen by 3.10% and 0.30%, respectively. Additionally, from the beginning of 2014, the stock has plummeted 55.31%. The stock is trading above its 50-day moving average. The stock's 200-day moving average of $12.16 is above its 50-day moving average of $6.18. Further, NQ Mobile Inc.'s stock has an RSI of 51.43. The complete research on NQ is available for free at:


Citrix Systems Inc.'s stock finished Thursday's session 0.36% lower at $69.73. A total of 1.37 million shares were traded, which was below its three months average volume of 2.59 million shares. The stock moved between $68.89 and $69.93 during the session. Citrix Systems Inc.'s shares have advanced 1.59% in the last one month and 14.57% in the previous three months. Further, the stock has gained 10.25% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $66.30 is greater than its 200-day moving average of $61.10. Citrix Systems Inc.'s stock traded at a PE ratio of 38.24 and has an RSI of 68.53. Free in depth research on CTXS is available at:


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