Internet Software and Services Stocks Technical Insight -- Research on SouFun Holdings, Yelp, MeetMe, and YY Inc.

By PR Newswire,  June 30, 2014, 07:00:00 AM EDT


Editor Note: For more information about this release, please scroll to bottom.

LONDON, June 30, 2014 /PRNewswire/ --

On Friday, June 27, 2014, the NASDAQ Composite ended at 4,397.93, up 0.43%, the Dow Jones Industrial Average advanced 0.03%, to finish the day at 16,851.84, and the S&P 500 closed at 1,960.96, up 0.19%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 631.47, up 0.59%, with the index also advancing 5.89% in the previous three months. Investor-Edge has initiated coverage on the following equities: SouFun Holdings Ltd (NYSE:SFUN), Yelp Inc. (NYSE:YELP), MeetMe Inc. (NASDAQ:MEET) and YY Inc. (NASDAQ:YY). Free technical research on SFUN, YELP, MEET and YY can be downloaded upon signing up at:



http://www.investor-edge.com/4329-register



On Friday, shares in SouFun Holdings Ltd traded between $9.55 and $9.84 before ending the session 0.31% higher at $9.72. SouFun Holdings Ltd's stock reported a trading volume of 4.37 million shares, below its three months average volume of 7.04 million shares. Shares of the company traded at a PE ratio of 13.14. Although, SouFun Holdings Ltd's shares have advanced 5.19% in the previous three trading sessions, it has declined 24.71% in the last one month and 41.03% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $11.28 and $13.28, respectively. Moreover, shares of the company have a Relative Strength Index (RSI) of 43.60. Sign up today to read free research on SFUN at:



http://www.investor-edge.com/4329-SFUN-30Jun2014.pdf



Yelp Inc.'s stock edged 0.49% higher, to close the day at $77.28. The stock recorded a trading volume of 6.11 million shares, below its three months average volume of 6.49 million shares. The stock oscillated between $76.10 and $78.20 during the session. Over the last three trading sessions and over the past one month, Yelp Inc.'s shares have gained 1.91% and 12.72%, respectively. Further, the stock has gained 12.08% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $71.42 is greater than its 50-day moving average of $64.20. Additionally, the stock has an RSI of 65.81. Sign up today to read free research on YELP at:



http://www.investor-edge.com/4329-YELP-30Jun2014.pdf



On Friday, shares in MeetMe Inc. recorded a trading volume of 0.49 million shares, lower than its three months average volume of 0.74 million shares. The stock ended the day at $2.69, which was 2.18% below its previous day's closing of $2.75, and registered an intraday range of $2.67and $2.75. MeetMe Inc.'s shares have gained 1.51% in the previous three trading sessions and 28.10% in the last one month. Additionally, the stock has gained 46.99% since the start of this year. The company's stock is trading above its 50-day and 200-day moving averages of $2.34 and $2.30, respectively. Furthermore, shares of the company have an RSI of 66.34. Sign up today to read free research on MEET at:



http://www.investor-edge.com/4329-MEET-30Jun2014.pdf



YY Inc.'s stock finished the Friday's session 0.21% higher at $74.65. A total of 0.62 million shares were traded, which was much below its three months average volume of 2.56 million shares. The stock moved between $73.83 and $75.53 during the session. Over the previous three trading sessions and the last one month, YY Inc.'s shares have gained 3.01% and 14.58%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 48.47%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $63.87 is greater than its 200-day moving average of $60.64. YY Inc.'s stock traded at a PE ratio of 45.58 and has an RSI of 66.83. Sign up today to read free research on YY at:



http://www.investor-edge.com/4329-YY-30Jun2014.pdf



===============

EDITOR'S NOTES:

===============



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This article appears in: News Headlines

Referenced Stocks: MEET, SFUN, YELP, YY


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