Market Momentum: Nuance Communications, Fortinet, SAP AG, and Catamaran

LONDON, January 14, 2014 /PRNewswire/ --

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

On Monday, January 13, 2014, the U.S. equity market declined, as the S&P 500 ended the day at 1,819.20, down 1.26%; the Dow Jones Industrial Average closed at 16,257.94, down 1.09%; and the NASDAQ Composite finished at 4,113.31, down 1.47%. The S&P 500 Information Technology Sector Index edged 1.01% lower, closing at 572.92. The S&P 500 Software Industry Index closed 2.12% lower at 780.50. Additionally, the S&P 500 Health Care Providers & Services Industry Index closed at 451.67, down 1.32%. The major movers in the information technology sector included Nuance Communications Inc. (NASDAQ: NUAN), Fortinet Inc. (NASDAQ: FTNT), SAP AG (NYSE: SAP), and Catamaran Corporation (NASDAQ: CTRX). AAAResearchReports.com has completed their technical analysis on NUAN, FTNT, SAP, and CTRX and these free reports are accessible by registering at:

http://www.aaaresearchreports.com/register/

On Monday, shares in Nuance Communications Inc. declined, tracking losses in the broader market. The company's shares ended the day at $14.82, down 1.53% from the previous day's closing price of $15.05, after vacillating between $14.76 and $15.08 during the trading session. A total of 3.96 million shares were traded, which is below the daily average volume of 7.10 million. The company's shares have gained 4.15% in the last one month, outperforming the S&P 500, which has advanced 2.47% during the same period. Furthermore, Nuance Communications Inc.'s stock is trading below its 50-day and 200-day moving averages of $15.07 and $18.13, respectively. Sign up for free technical research on NUAN at:

http://www.AAAResearchReports.com/NUAN011414.pdf

Shares in Fortinet Incedged higher on Monday, closing the day 0.41% higher at $19.64, after vacillating between $19.57 and $20.21. A total of 6.30 million shares were traded, which is above the daily average volume of 2.38 million. The company's shares have surged 11.09% in the last one month, outperforming the S&P 500, which has advanced 2.47% during the same period. Furthermore, Fortinet Inc.'s stock is trading above its 50-day and 200-day moving averages of $18.96 and $19.48, respectively. Be sure to read our latest technical research on FTNT by registering at:

http://www.AAAResearchReports.com/FTNT011414.pdf

SAP AG.'s stock fluctuated between $83.00 and $83.79 before ending Monday's session 0.62% lower at $83.02. A total of 1.48 million shares were traded, which is above the daily average volume of 1.04 million. The company's shares have gained 2.35% in the last one month and 12.57% in the previous three months, compared to a gain of2.47% and 6.81% in the S&P 500, during the respective periods. Further, SAP AG.'s stock is trading above its 50-day and 200-day moving averages of $82.19 and $77.34, respectively. Sign up and read the complimentary report on SAP at:

http://www.AAAResearchReports.com/SAP011414.pdf

On Monday, shares in Catamaran Corp. finished the day at $50.28, which is 0.40% higher than the previous day's closing price of $50.08. The company's shares fluctuated between $49.75 and $50.80 during the trading session. A total of 2.18 million shares were traded, which is above the daily average volume of 1.83 million. The company's shares have gained 3.33% in the previous three trading sessions and 10.55% in the last one month, outperforming the S&P 500, which has fallen by 1.00% and advanced 2.47% during the respective periods. Additionally, Catamaran Corp.'s stock is trading above its 50-day moving average of $46.88. The free report on CTRX can be downloaded by signing up now at:

http://www.AAAResearchReports.com/CTRX011414.pdf

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SOURCE AAA Research Reports

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