For Immediate Release
Chicago, IL - 04/26/2012 - Zacks highlights commentary from
People and Picks Trader
"
inthemoneystocks
"
.
For more Voice of the People, visit
http://at.zacks.com/?id=5851
Featured Post
Cloud Stocks Fail to Float Higher
This morning, many of the leading cloud computing stocks are
failing to rally with the technology sector. This is very strange
since the NASDAQ Composite is higher by 2.00 percent at the open of
the session. One of the leading cloud computing stocks in the
market is
Salesforce.com Inc
(
CRM
). This stock is trading lower by 0.73 cents to $149.25 a
share.
The stock is sitting right on the daily chart 50 moving average,
which is short-term support. Should this level fail to hold as
support and break lower the the stock could decline down to the
$142.75 area. Short term traders can watch for intra-day support
around the $148.00 and $144.50 levels.
Some other leading cloud stocks that are failing to rally higher
include
F5 Networks, Inc.
(
FFIV
),
Netflix, Inc.
(
NFLX
),
Riverbed Technology, Inc.
(
RVBD
) and
Akamai Technologies, Inc.
(
AKAM
). At this time, the weakness in the cloud computing sector should
be noted. Should the major stock indexes start to decline these
stocks would likely lead the markets lower as they have poor
relative strength today.
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Contact: Brent Billock
People & Picks Manager
Company: Zacks.com
Phone: 312-265-9307
Email:
pandp@zacks.com
Visit:
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AKAMAI TECH (
AKAM
): Free Stock Analysis Report
SALESFORCE.COM (
CRM
): Free Stock Analysis Report
F5 NETWORKS INC (
FFIV
): Free Stock Analysis Report
NETFLIX INC (
NFLX
): Free Stock Analysis Report
RIVERBED TECH (
RVBD
): Free Stock Analysis Report
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