Technical Recap on Systems Software Equities -- Research on ServiceNow, CA Inc., NetSuite, and Red Hat

By PR Newswire,  June 20, 2014, 08:10:00 AM EDT

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LONDON, June 20, 2014 /PRNewswire/ --

The US markets on Thursday, June 19, 2014 mostly ended on a positive note as the Dow Jones Industrial Average finished at 16,921.46, up 0.09% and the NASDAQ Composite closed at 4,359.33, down 0.08%. The S&P 500 finished the session 0.13% higher at 1,959.48. During the trading session, six out of ten sectors finished on a higher note. The S&P 500 Information Technology Sector Index ended the day at 628.82, down 0.20%, whereas the index has advanced 5.36% in the previous three months. Investor-Edge has initiated coverage on the following equities: ServiceNow Inc. (NYSE:NOW), CA Inc. (NASDAQ:CA), NetSuite Inc. (NYSE:N) and Red Hat Inc. (NYSE:RHT). Free technical research on NOW, CA, N and RHT can be downloaded upon signing up at:

On Thursday, shares in ServiceNow Inc. recorded a trading volume of 1.04 million shares, lower than its three months average volume of 2.80 million shares. The stock ended the day at $60.02, which was 0.83% below its previous day's closing of $60.52, and registered an intraday range of $59.21 and $60.75. ServiceNow Inc.'s stock has advanced 0.10% in the previous three trading sessions, 24.01% in the last one month, and 7.16% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $51.85 and $55.70, respectively. Furthermore, shares of ServiceNow Inc. have a Relative Strength Index (RSI) of 70.19. Sign up today to read free research on NOW at:

CA Inc.'s stock finished the Thursday's session 0.69% lower at $28.90. A total of 1.77 million shares were traded, which was below its three months average volume of 2.96 million shares. The stock vacillated between $28.86 and $29.36 during the session. Over the previous three days and over last one month, CA Inc.'s shares have fallen by 0.14% and 1.20%, respectively. Additionally, from the beginning of 2014, the company's stock has lost 14.12%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $31.29 is greater than its 50-day moving average of $29.54. CA Inc.'s stock traded at a PE ratio of 13.96 and has an RSI of 49.50. Sign up today to read free research on CA at:

On Thursday, shares in NetSuite Inc. fluctuated between $83.96 and $86.16 before ending the session 0.35% lower at $84.78. The stock reported a trading volume of 0.67 million shares, below its three months average volume of 0.91 million shares. NetSuite Inc.'s shares have fallen by 0.50% in the previous three trading sessions and 17.71% on YTD basis, while the stock has gained 12.63% in the last one month. The stock is trading above its 50-day moving average of $79.08, while the 50-day moving average is below its 200-day moving average of $97.19. Moreover, shares of NetSuite Inc. have an RSI of 63.43. Sign up today to read free research on N at:

Red Hat Inc.'s stock gained 3.79%, to close the day at $55.11. The stock recorded a trading volume of 7.35 million shares, significantly above its three months average volume of 1.76 million shares. The company shares oscillated between $54.02 and $57.35 during the session. Over the last three trading sessions and over the past one month, Red Hat Inc.'s shares have gained 5.70% and 9.98%, respectively. However, the stock has fallen by 1.66% since the start of this year. The stock is trading above its 50-day and 200-day moving averages of $50.10 and $51.33, respectively. Additionally, Red Hat Inc.'s stock traded at a PE ratio of 59.17 and has an RSI of 67.05. Sign up today to read free research on RHT at:




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SOURCE Investor-Edge

This article appears in: News Headlines

Referenced Stocks: CA, N, NOW, RHT

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