Momentum Indicators for Internet Software and Services Stocks - Gogo, Youku Tudou, 58.com, Akamai Technologies, and YY Inc.

LONDON, September 9, 2014 /PRNewswire/ --

On Monday, September 8, 2014, the NASDAQ Composite ended at 4,592.29, up 0.20%, the Dow Jones Industrial Average declined 0.15%, to finish the day at 17,111.42, and the S&P 500 closed at 2,001.54, down 0.31%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Information Technology Sector Index ended the day at 665.77, up 0.15%, with the index also advancing 6.35% in the previous three months. Investor-Edge has initiated coverage on the following equities: Gogo Inc. (NASDAQ: GOGO), Youku Tudou Inc. (NYSE:YOKU), 58.com Inc. (NYSE: WUBA), Akamai Technologies Inc. (NASDAQ: AKAM), and YY Inc. (NASDAQ: YY). Free research on these five companies can be accessed at:  

http://investor-edge.com/register

Gogo Inc.'s stock finished Monday's session 3.20% higher at $17.73. A total of 0.99 million shares were traded, which was below its three months average volume of 1.82 million shares. The stock moved between $17.07 and $17.75 during the session. Over the previous three trading sessions and the last one month, Gogo Inc.'s shares have surged 4.48% and 11.02%, respectively. However, from the beginning of 2014, the stock has declined 28.58%. The company's stock is trading above its 50-day moving average of $16.84, while the 50-day moving average is below the stock's 200-day moving average of $20.18. The stock has a Relative Strength Index (RSI) of 55.23. Sign up and read the free notes on GOGO at:

www.Investor-Edge.com/GOGO-09Sep2014

On Monday, shares in Youku Tudou Inc. fluctuated between $20.01 and $20.55 before ending the session 2.09% higher at $20.48. The stock reported a trading volume of 1.83 million shares, below its three months average volume of 3.08 million shares. Youku Tudou Inc.'s shares have advanced 2.45% in the previous three trading sessions and 7.56% in the last three months. However, the stock has lost 32.41% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $20.68 and $25.61, respectively. Moreover, shares of Youku Tudou Inc. have an RSI of 48.74. The complimentary notes on YOKU can be downloaded as in PDF format at:

www.Investor-Edge.com/YOKU-09Sep2014

58.com Inc.'s stock edged 0.26% higher, to close the day at $42.02. The stock recorded a trading volume of 0.94 million shares, much below its three months average volume of 1.47 million shares. The stock oscillated between $41.35 and $42.38 during the session. Over the last three trading sessions and over the past three months, 58.com Inc.'s shares have gained 1.08% and 2.89%, respectively. Further, the stock has surged 9.60% since the start of this year. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $49.43 is above its 200-day moving average of $42.51. Additionally, 58.com Inc. traded at a PE ratio of 105.70 and has an RSI of 36.45. Register for free on Investor-Edge and access the latest research on WUBA at:

www.Investor-Edge.com/WUBA-09Sep2014

On Monday, shares in Akamai Technologies Inc. recorded a trading volume of 1.10 million shares, lower than its three months average volume of 1.71 million shares. The stock ended the day at $61.82, which was 0.45% above its previous day's closing of $61.54, and registered an intraday range of $61.09 and $62.49. Shares of the company traded at a PE ratio of 36.03. Akamai Technologies Inc.'s shares have gained 7.47% in the last one month, 7.56% in the previous three months and 31.02% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $59.70 and $54.98, respectively. Furthermore, shares of Akamai Technologies Inc. have an RSI of 63.33. The complete research on AKAM is available for free at:

www.Investor-Edge.com/AKAM-09Sep2014

YY Inc.'s stock surged 4.89%, to close Monday's session at $95.89, hitting a new 52-week high of $96.33. The stock recorded a trading volume of 2.27 million shares, above its three months average volume of 1.52 million shares. YY Inc.'s shares have surged 11.56% in the last one month and 47.04% in the previous three months. Additionally, from the beginning of 2014, the stock has rallied 90.71%. The company's stock is trading above its 50-day and 200-day moving averages. YY Inc.'s 50-day moving average of $80.69 is above its 200-day moving average of $68.29. Further, the stock traded at a PE ratio of 48.43 and has an RSI of 64.52. Free in depth research on YY is available at:

www.Investor-Edge.com/YY-09Sep2014

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