Morning Coverage of Equities Reaching New Highs -- Research on InterMune, Zillow, ICICI Bank, and Zendesk

LONDON, May 20, 2014 /PRNewswire/ --

The U.S. markets on Monday, May 19, 2014 ended on a positive note as the Dow Jones Industrial Average finished at 16,511.86, up 0.12% and the NASDAQ Composite closed at 4,125.82, up 0.86%. The S&P 500 finished the session 0.38% higher at 1,885.08. During the trading session, seven out of ten sectors finished on a higher note. Investor-Edge looks at some of the equities that hit a new 52-week high during the last session. These include InterMune Inc. (NASDAQ: ITMN), Zillow Inc. (NASDAQ: Z), ICICI Bank Ltd (NYSE: IBN) and Zendesk Inc. (NYSE: ZEN). Free technical research on ITMN, Z, IBN and ZEN can be downloaded upon signing up at:

http://www.investor-edge.com/2754-register

InterMune Inc.'s stock ended the day at $38.92, up 13.44%, hitting a new 52-week high of $39.90. A total of 12.25 million shares were traded, which was much above its three months average volume of 3.57 million shares. The stock vacillated between $35.85 and $39.90 during the session. Over the last one month and the previous three months, InterMune Inc.'s shares have surged 37.58% and 187.02%, respectively. Moreover, since the beginning of the year, the company's stock has gained an upside of 164.22%. The S&P 500 Health Care Sector Index mapped a gain of 0.64% during the session and the index has advanced 2.68% in the last one month. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $32.28 is greater than its 200-day moving average of $19.61. InterMune Inc.'s stock has a Relative Strength Index (RSI) of 56.05. Sign up today to read free research on ITMN at:

http://www.investor-edge.com/2754-ITMN-20May2014.pdf

On Monday, Zillow Inc.'s stock oscillated between $106.07 and $112.39, hitting a new 52-week high of $112.39. Shares in the company gained 3.48% to end the session at $110.53. The company's stock reported a trading volume of 3.32 million shares, above its three months average volume of 1.99 million shares. Zillow Inc.'s shares have surged 11.99% in the previous three trading sessions, 15.44% in the last one month, and 35.24% on YTD basis. The S&P 500 Information Technology Sector Index registered a gain of 0.83% during the session and the index has advanced 2.29% in the last one month. Zillow Inc.'s stock is trading above its 50-day and 200-day moving averages of $94.68 and $86.76, respectively. Moreover, shares of the company have an RSI of 58.60. Sign up today to read free research on Z at:

http://www.investor-edge.com/2754-Z-20May2014.pdf

Shares in ICICI Bank Ltd edged 0.06% lower on Monday, finishing the day at $50.98, after hitting a new 52-week high of $51.26. The stock recorded a trading volume of 3.28 million shares, above its three months average volume of 2.22 million shares. The stock oscillated between $50.35 and $51.26 during the trading session. Over the last three trading sessions and past one month, ICICI Bank Ltd's shares have gained 6.34% and 14.51%, respectively. Further, the stock has surged 37.15% since the start of this year. The S&P 500 Financials Sector Index recorded a gain of 0.56% during the session, while the index has fallen by 0.08% in the last one month. The stock is trading above its 50-day and 200-day moving averages. ICICI Bank Ltd's 50-day moving average of $43.63 is above its 200-day moving average of $36.12. Additionally, the stock has an RSI of 69.90. Sign up today to read free research on IBN at:

http://www.investor-edge.com/2754-IBN-20May2014.pdf

On Monday, Zendesk Inc.'s stock rallied 8.20%, closing the day at $16.50, hitting a new 52-week high of $17.94. The stock recorded a trading volume of 1.53 million shares during the trading session. Zendesk Inc.'s shares have rallied 83.33% in the previous three trading sessions. The S&P 500 Information Technology Sector Index has gained 0.67% during the previous three trading sessions and the index has advanced 1.94% in the previous three months. Sign up today to read free research on ZEN at:

http://www.investor-edge.com/2754-ZEN-20May2014.pdf


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EDITOR'S NOTES:
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