Momentum Indicators for Internet Software and Services Stocks - Qihoo 360 Technology, 21Vianet, eBay, Rackspace Hosting, and Move
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LONDON, October 16, 2014 /PRNewswire/ --
Investor-Edge has initiated coverage on the following equities: Qihoo 360 Technology Company Ltd (NYSE: QIHU), 21Vianet Group Inc. (NASDAQ: VNET), eBay Inc. (NASDAQ: EBAY), Rackspace Hosting Inc. (NYSE: RAX), and Move Inc. (NASDAQ: MOVE). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Wednesday, October 15, 2014, ended on a negative note as the Dow Jones Industrial Average finished at 16,141.74, down 1.06% and the NASDAQ Composite closed at 4,215.32, down 0.28%. The S&P 500 finished the session 0.81% lower at 1,862.49. During the trading session, eight out of ten sectors finished on a lower note. The S&P 500 Information Technology Sector Index ended the day at 616.46, down 0.75%, whereas the index has advanced 5.29% on YTD basis. Register for your complimentary reports on these five stocks at:
http://investor-edge.com/register
Shares in Qihoo 360 Technology Co. Ltd edged 0.03% lower, to close the day at $62.75, hitting a new 52-week low of $60.25. The stock recorded a trading volume of 4.37 million shares, above its three months average volume of 3.50 million shares. The company's shares oscillated between $60.25 and $63.72 during the session. Over the last three trading sessions and over the past one month, Qihoo 360 Technology Co. Ltd's shares have fallen by 0.96% and 19.40%, respectively. Further, the stock has lost 23.52% since the start of this year. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $90.82 is above its 50-day moving average of $82.71. Additionally, the stock traded at a PE ratio of 85.37 and has a Relative Strength Index (RSI) of 24.71. Sign up and read the free notes on QIHU at:
http://www.Investor-Edge.com/QIHU-16Oct2014
On Wednesday, shares in 21Vianet Group Inc. recorded a trading volume of 1.01 million shares, lower than its three months average volume of 2.62 million shares. The stock ended the day at $17.82, which was 2.35% above its previous day's closing of $17.41, and registered an intraday range of $16.90 and $17.99. 21Vianet Group Inc.'s stock has lost 4.86% in the previous three trading sessions, 16.96% in the last one month, and 24.23% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $23.54 and $25.45, respectively. Furthermore, shares of 21Vianet Group Inc. have an RSI of 40.72. The complimentary notes on VNET can be downloaded as in PDF format at:
http://www.Investor-Edge.com/VNET-16Oct2014
eBay Inc.'s stock edged 0.69% lower to end Wednesday's session at $50.24. The stock recorded a trading volume of 16.46 million shares, above its three months average volume of 13.73 million shares. The company's shares fluctuated between $48.92 and $50.32 during the session. eBay Inc.'s shares have lost 8.43% since the beginning of 2014. Further, the stock has fallen by 3.12% over the previous three trading sessions and 1.41% in the last one month. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $53.46 is above its 200-day moving average of $53.25. Additionally, the stock has an RSI of 39.51. Register for free on Investor-Edge and access the latest research on EBAY at:
http://www.Investor-Edge.com/EBAY-16Oct2014
On Wednesday, shares in Rackspace Hosting Inc. fluctuated between $33.29 and $35.40 before ending the session 0.81% higher at $35.04. The stock reported a trading volume of 2.91 million shares, lower than its three months average volume of 3.17 million shares. Shares of the company traded at a PE ratio of 59.39. Rackspace Hosting Inc.'s shares have advanced 5.26% in the previous three trading sessions, and 10.57% in the last three months, while the stock has lost 10.15% in the past one month. The company's stock is trading above its 50-day and 200-day moving averages of $33.78 and $34.09, respectively. Moreover, shares of Rackspace Hosting Inc. have an RSI of 54.92. The complete research on RAX is available for free at:
http://www.Investor-Edge.com/RAX-16Oct2014
Move Inc.'s stock finished Wednesday's session 0.24% lower at $20.89. A total of 3.13 million shares were traded, which was above its three months average volume of 1.40 million shares. The stock vacillated between $20.88 and $20.93 during the session. Over the last one month and over the previous three months, Move Inc.'s shares have advanced 39.55% and 44.62%, respectively. Additionally, from the beginning of 2014, the stock has gained an upside of 30.64%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $16.51 is greater than its 200-day moving average of $13.94. Move Inc.'s stock has an RSI of 80.20. Free in depth research on MOVE is available at:
http://www.Investor-Edge.com/MOVE-16Oct2014
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