Before the Bell Scans on Information Technology Stocks -- Research on Autodesk, Concur Technologies, PTC Inc., and Mentor Graphics
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LONDON, March 28, 2014 /PRNewswire/ --
On Thursday, March 27, 2014, the NASDAQ Composite ended at 4,151.23, down 0.54%, the Dow Jones Industrial Average fell 0.03% to 16,264.23, and the S&P 500 closed at 1,849.04, down 0.19%. The losses were broad based as seven out of 10 sectors ended the session in negative. The S&P 500 Information Technology Sector Index finished the day at 588.69, down 0.61%, while the same has gained 1.16% in the last three months. Investor-Edge has initiated coverage on the following equities: Autodesk Inc. (NASDAQ: ADSK), Concur Technologies Inc. (NASDAQ: CNQR), PTC Inc. (NASDAQ: PTC), and Mentor Graphics Corp. (NASDAQ: MENT). Free technical research on ADSK, CNQR, PTC, and MENT can be downloaded upon signing up at:
http://www.investor-edge.com/574-register
Autodesk Inc.'s stock recorded a trading volume of 4.60 million shares on Thursday, as compared with a three month average volume of 2.91 million shares. The stock ended the day at $48.28, down 0.82%, after trading between $47.91 and $48.60. The company's shares have fallen by 11.05% in the last one month and 4.05% on YTD basis. The stock is trading above its 200-day moving average. Autodesk Inc.'s 50-day moving average of $52.28 is above its 200-day moving average of $43.35. Furthermore, shares of the company are trading at a PE ratio of 48.43 and have a Relative Strength Index (RSI) of 34.62. Sign up today to read free research on ADSK at:
http://www.investor-edge.com/574-ADSK-28Mar2014.pdf
On Thursday, shares in Concur Technologies Inc. edged 0.13% higher to close the day at $98.55. A total of 0.83 million shares were traded which is above its three months average volume of 0.67 million. The company's shares oscillated between $95.08 and $99.20 during the trading session. Shares in Concur Technologies Inc. have declined 23.00% in the last one month and 4.49% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. Concur Technologies Inc.'s 50-day moving average of $115.35 is above its 200-day moving average of $102.02. Further, the company's shares have an RSI of 26.53. Sign up today to read free research on CNQR at:
http://www.investor-edge.com/574-CNQR-28Mar2014.pdf
PTC Inc.'s stock fell 0.17% on Thursday, finishing the session at $35.08. The stock recorded a trading volume of 0.87 million shares as compared to a three months average volume of 0.80 million shares. The stock fluctuated between $34.74 and $35.60 during the session. PTC Inc.'s shares have gone down by 12.01% in the last one month and 0.88% on YTD basis, while the same has advanced 2.84% in the previous three months. The stock is trading above its 200-day moving average. PTC Inc.'s 50-day moving average of $37.15 is above its 200-day moving average of $30.93. Moreover, the shares are trading at a PE ratio of 26.56 and have an RSI of 28.34. Sign up today to read free research on PTC at:
http://www.investor-edge.com/574-PTC-28Mar2014.pdf
On Thursday, shares in Mentor Graphics Corp. witnessed a trading volume of 0.35 million shares, as compared with a three month average volume of 0.69 million shares. The stock ended the day at $21.68, down 0.69%, after vacillating between $21.50 and $22.01. Mentor Graphics Corp.'s shares have gained 2.31% in the last one month, while the same has plummeted 9.67% in the previous three months and 9.93% on YTD basis. The stock is trading above its 50-day moving average. Mentor Graphics Corp.'s 200-day moving average of $21.74 is above its 50-day moving average of $21.44. Additionally, the company's shares are trading at a PE ratio of 15.83 and have an RSI of 46.37. Sign up today to read free research on MENT at:
http://www.investor-edge.com/574-MENT-28Mar2014.pdf
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