Tech Stocks Technical Pulse: NetApp, Seagate Technology, SanDisk, and Fusion-io
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LONDON, March 10, 2014 /PRNewswire/ --
On Friday, March 07, 2014, the NASDAQ Composite ended at 4,336.22, down 0.37%, the Dow Jones Industrial Average advanced 0.19% to 16,452.72, and the S&P 500 closed at 1,878.04, up 0.05%. During the session gains in the Financials, Energy and Industrials sectors positively impacted the broader market, while some retraction came in from Health Care, Materials and Information Technology sectors. The S&P 500 Information Technology Sector Index finished the day at 597.83, down 0.30%, and has gained 3.49% in the last one month. Investor-Edge.com has initiated coverage on the following equities: NetApp Inc. (NASDAQ: NTAP), Seagate Technology PLC (NASDAQ: STX), SanDisk Corporation (NASDAQ: SNDK), and Fusion-io Inc. (NYSE: FIO). Free research on these four companies can be accessed at:
http://investor-edge.com/register
NetApp Inc.'s stock saw a trading of 11.46 million shares, as compared with a three month average volume of 4.29 million shares. The stock ended the day at $37.90, down 2.90% and at an intraday range of $37.53 and $39.22. The company's shares traded at a PE ratio of 20.85. NetApp Inc.'s shares have fallen by 5.67% in the previous three trading sessions, 11.49% in the last one month, and 7.88% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. NetApp Inc.'s 50-day moving average of $41.51 is above the 200-day moving average of $40.77. Furthermore, shares of the company are trading at the Relative Strength Index (RSI) of 28.01. Sign up and read the free notes on NTAP at:
http://www.Investor-Edge.com/03102014/NTAP/report.pdf
On Friday, shares in Seagate Technology PLC edged 1.62% lower to close the day at $49.29. A total of 5.12 million shares were traded which is above the three months average volume of 3.66 million. The company's shares oscillated between $48.60 and $50.62 during the trading session. The stock traded at a PE ratio of 10.95. Seagate Technology PLC's shares have fallen by 7.31% in the previous three trading sessions, 0.46% in the last one month and 12.23% on YTD basis. The stock is trading above its 200-day moving average. Seagate Technology PLC's 50-day moving average of $54.17 is above the 200-day moving average of $47.30. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 38.05. The complimentary notes on STX can be downloaded as in PDF format at:
http://www.Investor-Edge.com/03102014/STX/report.pdf
Shares in SanDisk Corp. fell 1.38%, finishing Friday's session at $74.41. The stock recorded trading volume of 3.49 million shares, as compared to a three months average volume of 3.89 million shares. It fluctuated between $73.86 and $75.81 during the session. The company's shares traded at a PE ratio of 16.34. SanDisk Corp.'s shares have gained 3.91% in the last one month and 7.73% in the previous three months and have gone up 5.49% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. SanDisk Corp.'s 50-day moving average of $72.19 is above the 200-day moving average of $64.63. Moreover, the stock is trading at the Relative Strength Index (RSI) of 52.56. Register for free on Investor-Edge and access the latest research on SNDK at:
http://www.Investor-Edge.com/03102014/SNDK/report.pdf
On Friday, shares in Fusion-io Inc. witnessed trading of 3.34 million shares, as compared with a three month average volume of 3.19 million shares. The stock ended the day at $11.37, up 2.06%, after vacillating between $10.87 and $11.37 during the session. Fusion-io Inc.'s shares have advanced 2.43% in the previous three trading sessions, 6.16% in the last one month and 27.61% on YTD basis. The stock is trading above its 50-day moving average. Fusion-io Inc.'s 200-day moving average of $11.86 is above the 50-day moving average of $10.14. Additionally, shares of the company are trading at the Relative Strength Index (RSI) of 59.16. The complete research on FIO is available for free at:
http://www.Investor-Edge.com/03102014/FIO/report.pdf
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