Technical Briefing on Equities Reaching New High -- Research on Baker Hughes, Encana, InvenSense, and Diamondback Energy

LONDON, March 31, 2014 /PRNewswire/ --

On Friday, March 28, 2014, the NASDAQ Composite finished at 4,155.76, up 0.11%. The Dow Jones Industrial Average closed the session at 16,323.06, up 0.36% and the S&P 500 ended the day at 1,857.62, higher by 0.46%. The gains were broad based with eight out of ten sectors ending the session in positive. Investor-Edge looks at some of the equities that hit a new 52-week high during the last session. These include Baker Hughes Inc. (NYSE: BHI), Encana Corp. (NYSE: ECA), InvenSense Inc. (NYSE: INVN) and Diamondback Energy Inc. (NASDAQ: FANG). Free technical research on BHI, ECA, INVN and FANG can be downloaded upon signing up at:

http://www.investor-edge.com/584-register


On Friday, Baker Hughes Inc.'s stock traded in the range of $63.63 and $65.50, hitting a new 52-week high of $65.50. The company's stock reported a gain of 2.63%, ending the day at $65.27. A total of 4.96 million shares were traded, which is above a three month average volume of 4.57 million. The company's shares have gained 4.03% in the previous three trading sessions and 19.87% in the last three months. The company's stocks traded at a PE ratio of 24.82 and were up 18.11% on YTD basis. The S&P 500 Energy Sector Index posted gains of 1.78% in the previous three trading sessions and 2.29% in the last one month. The company's stock is trading above its 50-day and 200-day moving averages. Baker Hughes Inc.'s 50-day moving average of $60.28 is above the 200-day moving average of $53.42. Additionally, shares of the company have a Relative Strength Index (RSI) of 69.26. Sign up today to read free research on BHI at:

http://www.investor-edge.com/584-BHI-31Mar2014.pdf


Encana Corp.'s shares edged 0.85% higher on Friday, finishing the day at $21.42, after hitting a new 52-week high of $21.50. The stock recorded a trading volume of 4.64 million shares, compared with a three month average volume of 5.25 million shares. Encana Corp.'s shares traded at a PE ratio of 32.45 and were up 18.67% on YTD basis. Shares of the company have surged 12.86% in the last one month and 18.74% in the previous three months. The S&P 500 Energy Sector Index mapped a gain of 1.24% during the session and the same has advanced 2.29% in the last one month. The stock is trading above its 50-day and 200-day moving averages Encana Corp.'s 50-day moving average of $19.19 is above the 200-day moving average of $18.12. Furthermore, shares of the company have an RSI of 74.33. Sign up today to read free research on ECA at:

http://www.investor-edge.com/584-ECA-31Mar2014.pdf


On Friday, InvenSense Inc.'s stock advanced 0.67%, to close the day at $22.70, hitting a new 52-week high of $24.34. The stock recorded a trading volume of 3.06 million shares, compared with a 3-month average volume of 2.95 million shares. The company's shares traded at a PE ratio of 59.28 and were up 9.24% on YTD basis. Shares of InvenSense Inc. have gained 12.66% in the last one month and 13.10% in the previous three months. The S&P 500 Information Technology sector Index mapped a gain of 0.47% during the session, and the same has charted up by 1.03% during the previous three months. The stock is trading above its 50-day and 200-day moving averages. InvenSense Inc.'s 50-day moving average of $21.03 is above the 200-day moving average of $18.25. Additionally, the company's shares have an RSI of 54.73. Sign up today to read free research on INVN at:

http://www.investor-edge.com/584-INVN-31Mar2014.pdf


Shares in Diamondback Energy Inc. ended the day at $69.70, up 2.44%, hitting a new 52-week high of $69.90 on Friday. The stock reported a trading volume of 1.47 million shares during the trading session, compared with a 3-month average volume of 0.90 million shares. Diamondback Energy Inc.'s shares traded at a PE ratio of 52.96 and were up 31.80% on YTD basis. Shares of the company have surged 8.41% in the previous three trading sessions and 34.22% in the last three months. The S&P 500 Energy Sector Index mapped a gain of 1.24% during the session, and the same has advanced 0.20% in the previous three months. The company's stock is trading above its 50-day and 200-day moving averages of $59.29 and $48.14, respectively. Moreover, the stock has an RSI of 73.03. Sign up today to read free research on FANG at:

http://www.investor-edge.com/584-FANG-31Mar2014.pdf


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