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LONDON, May 29, 2014 /PRNewswire/ --
The markets on Wednesday, May 28, 2014 ended on a lower note as the Dow Jones Industrial Average finished at 16,633.18, down 0.25% and the NASDAQ Composite closed at 4,225.08, down 0.28%. The S&P 500 edged 0.11% lower, to finish the day at 1,909.78. During the session five out of ten sectors ended in negative. During the session, Financials, Information Technology and Health Care sectors ended in negative, while some positive momentum were observed in the Industrials, Utilities and Telecommunication Services sectors. Investor-Edge has initiated coverage on the following equities: Broadcom Corp. (NASDAQ:BRCM), NetApp Inc. (NASDAQ:NTAP), Pandora Media Inc. (NYSE:P) and JetBlue Airways Corporation (NASDAQ:JBLU). Free technical research on BRCM, NTAP, P and JBLU can be downloaded upon signing up at:
On Wednesday, Broadcom Corp.'s stock gained 1.85%, closing the day at $31.40. The stock recorded a trading volume of 6.64 million shares, above its three months average volume of 6.28 million shares. The stock oscillated between $30.82 and $31.66 during the trading session. Broadcom Corp.'s shares have gained 3.29% in the last one month and 5.69% in the past three months. Also, the stock has advanced 5.92% since the start of this year. The S&P 500 Information Technology Sector Index advanced 3.81% in the last one month, while the S&P 500 gained 2.16% during the same period. Broadcom Corp.'s stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $30.48 is higher than its 200-day moving average of $28.50. Moreover, shares of the company traded at a PE ratio of 25.38 and have a Relative Strength Index (RSI) of 60.20. Sign up today to read free research on BRCM at:
NetApp Inc.'s stock traded between $36.27 and $36.98 before ending the day 0.57% higher at $36.84. The company's stock reported a trading volume of 5.29 million shares on Wednesday, which was above its three months average volume of 5.22 million shares. Over the past three trading sessions and last one month, NetApp Inc.'s stock has advanced 1.88% and 4.78%, respectively. However, the stock has declined 10.45% since start of this year. The S&P 500 Information Technology Sector Index advanced 3.81% in the last one month, while the NASDAQ Composite Index has gained 3.70% during the same period. The stock is trading above its 50-day moving average. NetApp Inc.'s 200-day moving average of $39.93 is greater than its 50-day moving average of $35.93. Additionally, the company's stock traded at a PE ratio of 18.31 and has an RSI of 58.71. Sign up today to read free research on NTAP at:
On Wednesday, shares in Pandora Media Inc. recorded a trading volume of 5.41 million shares, which was below its three months average volume of 10.87 million shares. The stock finished the day at $25.29, which was 1.33% below its previous day's closing, and registered an intraday range of $24.90 and $25.80. Pandora Media Inc.'s shares have gained 0.96% in the previous three trading sessions and 10.73% in the last one month. However, the stock has fallen by 4.92% on YTD basis. The S&P 500 Information Technology Sector Index advanced 3.17% in the last three months, while the S&P 500 gained 2.71% during the same period. Pandora Media Inc.'s stock is trading below its 50-day and 200-day moving averages; while, the 200-day moving average of $28.27 is above its 50-day moving average of $27.18. Furthermore, shares of the company have an RSI of 52.22. Sign up today to read free research on P at:
Shares in JetBlue Airways Corp. closed Wednesday's session 2.05% higher at $9.45, hitting a new 52-week high of $9.49. A total of 7.24 million shares were traded, which was below its three months average volume of 7.34 million shares. The stock moved between $9.20 and $9.49 during the session. Over the last one month and previous three months, shares in JetBlue Airways Corp. have rallied 23.85% and 7.02%, respectively. Also, the company's stock has surged 10.66% since the beginning of 2014. The S&P 500 Industrials Sector Index advanced 2.21% in the last one month, while the NASDAQ Composite Index gained 3.70% during the same period. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $8.58 is greater than its 200-day moving average of $8.04. Further, the stock traded at a PE ratio of 20.03 and has an RSI of 67.17. Sign up today to read free research on JBLU at:
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