Stock Watchout on Software Industry -- Research on Shanda Games, Citrix Systems, Qlik Technologies, and TIBCO Software

By PR Newswire,  May 27, 2014, 07:29:00 AM EDT


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

LONDON, May 27, 2014 /PRNewswire/ --

On Friday, May 23, 2014, the NASDAQ Composite ended at 4,185.81, up 0.76%, the Dow Jones Industrial Average finished the session at 16,606.27, up 0.38% and the S&P 500 closed at 1,900.53, up 0.42%. During the trading session, eight out of ten sectors finished on a higher note. The S&P 500 Information Technology Sector Index ended the day at 610.00, up 0.97%, and the index has gained 3.09% in the previous three months. Investor-Edge has initiated coverage on the following equities: Shanda Games Limited (NASDAQ:GAME), Citrix Systems Inc. (NASDAQ:CTXS), Qlik Technologies Inc. (NASDAQ:QLIK) and TIBCO Software Inc. (NASDAQ:TIBX). Free technical research on GAME, CTXS, QLIK and TIBX can be downloaded upon signing up at:

http://www.investor-edge.com/3046-register



 

Shares in Shanda Games Ltd declined 1.04% on Friday, closing the day at an intra-day low of $6.68. The stock recorded a trading volume of 0.55 million shares, which was below its three months average volume of 0.66 million shares. The stock oscillated between $6.68 and $6.74 during the session. Over the last one month and from the beginning of 2014, Shanda Games Ltd's shares have gained 0.91% and 45.85%, respectively. However, the stock has lost 1.18% in the previous three trading sessions. The company's shares are trading above their 50-day and 200-day moving averages. Shanda Games Ltd's 50-day moving average of $6.60 is above its 200-day moving average of $5.25. Furthermore, the company's stock traded at a PE ratio of 8.38 and has a Relative Strength Index (RSI) of 52.44. Sign up today to read free research on GAME at:

http://www.investor-edge.com/3046-GAME-27May2014.pdf



 

On Friday, shares in Citrix Systems Inc. fluctuated between $60.94 and $61.57 before ending the session 0.03% higher at $61.44. The company's stock reported a trading volume of 1.41 million shares, below its three months average volume of 2.90 million shares. The company's stock traded at a PE ratio of 33.76. Shares in Citrix Systems Inc. have advanced 0.75% in the previous three trading sessions and 3.40% over the last one month. Although the shares have declined 2.86% on YTD basis, but Citrix Systems Inc.'s stock is trading above its 50-day moving averages of $58.88. Moreover, the company's shares have an RSI of 62.59. Sign up today to read free research on CTXS at:

http://www.investor-edge.com/3046-CTXS-27May2014.pdf



 

Qlik Technologies Inc.'s stock finished Friday's trading session 2.33% higher at $22.41. A total of 1.80 million shares were traded, which was below its three months average volume of 2.05 million shares. The stock moved between $21.64 and $22.45 during the session. Qlik Technologies Inc.'s stock has gained 3.46% in the previous three trading sessions and 1.31% in the last one month, while it has fallen by 15.85% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages of $24.27 and $28.06, respectively. Furthermore, Qlik Technologies Inc.'s stock and has an RSI of 49.53. Sign up today to read free research on QLIK at:

http://www.investor-edge.com/3046-QLIK-27May2014.pdf



 

On Friday, shares in TIBCO Software Inc. recorded a trading volume of 1.19 million shares, which was below its three months average volume of 2.37 million shares. The stock ended the day at $20.05, which was 1.37% higher its previous day's closing of $19.78, and registered an intraday range of $19.67 and $20.15. Shares in TIBCO Software Inc. have advanced 3.14% in the previous three trading sessions and 3.62% in the last one month. However, the company's shares have lost 10.81% on YTD basis. The company's stock is trading above its 50-day moving average. TIBCO Software Inc.'s 50-day moving average of $19.91 is below its 200-day moving average of $22.61. Additionally, shares of the company traded at a PE ratio of 34.75 and have an RSI of 58.05. Sign up today to read free research on TIBX at:

http://www.investor-edge.com/3046-TIBX-27May2014.pdf



 

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EDITOR'S NOTES:

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



1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.



2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.



3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.



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SOURCE Investor-Edge



This article appears in: News Headlines

Referenced Stocks: CTXS, GAME, QLIK, TIBX


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