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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:
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:
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:
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:
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:
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