Capital Markets Equities Technical Updates -- Research on State Street, T. Rowe Price, Waddell & Reed Financial, and Legg Mason

LONDON, May 8, 2014 /PRNewswire/ --

On Wednesday, May 7, 2014, the NASDAQ Composite ended at 4,067.67, down 0.32%, the Dow Jones Industrial Average advanced 0.72%, to finish the day at 16,518.54, and the S&P 500 closed at 1,878.21, up 0.56%. Eight out of ten sectors finished the session on a positive note. The S&P 500 Financials Sector Index ended the day at 294.67, up 1.28%, with the index advancing 2.79% in the previous three months. Investor-Edge has initiated coverage on the following equities: State Street Corporation (NYSE: STT), T. Rowe Price Group Inc. (NASDAQ: TROW), Waddell & Reed Financial Inc. (NYSE: WDR) and Legg Mason Inc (NYSE: LM). Free technical research on STT, TROW, WDR and LM can be downloaded upon signing up at:

http://www.investor-edge.com/2268-register

On Wednesday, shares in State Street Corp. fluctuated between $63.28 and $64.32 before ending the session 1.10% higher at $64.25. The stock reported a trading volume of 2.17 million shares, below its three months average volume of 2.93 million shares. Shares of the company traded at a PE ratio of 13.36. State Street Corp.'s shares have fallen by 1.70% in the previous three trading sessions, 3.41% in the last one month, and 12.45% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $66.45 and $68.83, respectively. Moreover, shares of State Street Corp. have a Relative Strength Index (RSI) of 39.54. Sign up today to read free research on STT at:

http://www.investor-edge.com/2268-STT-08May2014.pdf

Shares in T. Rowe Price Group Inc. advanced 1.63%, to close the day at $81.62. The stock recorded a trading volume of 0.85 million shares, below its three months average volume of 1.37 million shares. The stock oscillated between $80.04 and $81.67 during the session. Over the past one month and over the last three months, T. Rowe Price Group Inc.'s shares have gained 2.67% and 2.87%, respectively. However, the stock has lost 2.57% since the start of this year. The company's stock is trading above its 50-day and 200-day moving averages of $81.21 and $78.20, respectively. Additionally, T. Rowe Price Group Inc.'s stock traded at a PE ratio of 20.99 and has an RSI of 45.86. Sign up today to read free research on TROW at:

http://www.investor-edge.com/2268-TROW-08May2014.pdf

On Wednesday, shares in Waddell & Reed Financial Inc. recorded a trading volume of 0.96 million shares, higher than its three months average volume of 0.71 million shares. The stock ended the day at $67.54, which was 1.21% above its previous day's closing of $66.73, and registered an intraday range of $65.94 and $67.58. Shares of the company traded at a PE ratio of 20.97. Although Waddell & Reed Financial Inc.'s shares have lost 1.10% in the previous three trading sessions and 3.87% in the last one month, it has advanced 3.72% on YTD basis. The stock is trading above its 200-day moving average of $61.82, while the 200-day moving average is below Waddell & Reed Financial Inc.'s 50-day moving average of $70.26. Furthermore, shares of the company. have an RSI of 40.67. Sign up today to read free research on WDR at:

http://www.investor-edge.com/2268-WDR-08May2014.pdf

Legg Mason Inc.'s stock finished the Wednesday's session 3.52% higher at $47.30. A total of 1.27 million shares were traded, which is close to its three months average volume of 1.21 million shares. The stock vacillated between $45.51 and $47.33 during the session. Over the last one month and the previous three months, Legg Mason Inc.'s shares have gained 3.93% and 13.02%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 8.79%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $46.28 is greater than its 200-day moving average of $40.23. Legg Mason Inc.'s stock traded at a PE ratio of 21.80 and has an RSI of 46.66. Sign up today to read free research on LM at:

http://www.investor-edge.com/2268-LM-08May2014.pdf

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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.

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