Technical Data on Information Technology Equities -- Research on CommScope Holding, ShoreTel, QuickLogic, and ANADIGICS
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LONDON, May 20, 2014 /PRNewswire/ --
On Monday, May 19, 2014, the NASDAQ Composite ended at 4,125.82, up 0.86%, the Dow Jones Industrial Average edged 0.12% higher to finish the day at 16,511.86, and the S&P 500 closed at 1,885.08, up 0.38%. The gains were broad based with seven out of ten sectors ending the session in positive. The S&P 500 Information Technology Sector Index ended the day at 601.57, up 0.83%, with the index advancing 2.29% in the last one month. Investor-Edge has initiated coverage on the following equities: CommScope Holding Company Inc. (NASDAQ: COMM), ShoreTel Inc. (NASDAQ: SHOR), QuickLogic Corporation (NASDAQ: QUIK) and ANADIGICS Inc. (NASDAQ: ANAD). Free technical research on COMM, SHOR, QUIK and ANAD can be downloaded upon signing up at:
http://www.investor-edge.com/2770-register
On Monday, shares in CommScope Holding Co. Inc. fluctuated between $24.33 and $24.90 before ending the session 1.56% higher at $24.79. The stock reported a trading volume of 0.43 million shares, below its three months average volume of 0.78 million shares. Shares of the company traded at a PE ratio of 17.42. CommScope Holding Co. Inc.'s shares have fallen by 0.64% in the previous three trading sessions and 0.08% in the last one month, while the stock has surged a 30.96% on YTD basis. The stock is trading above its 50-day moving average of $24.40. Moreover, shares of CommScope Holding Co. Inc. have a Relative Strength Index (RSI) of 42.99. Sign up today to read free research on COMM at:
http://www.investor-edge.com/2770-COMM-20May2014.pdf
On Monday, ShoreTel Inc.'s stock edged 0.69% higher, to close the day at $6.54. The stock recorded a trading volume of 0.32 million shares, below its three months average volume of 0.48 million shares. The company's shares oscillated between $6.38 and $6.61 during the session. Over the past one month and over the last three months, ShoreTel Inc.'s shares have lost 18.72% and 23.66%, respectively. Further, the stock has lost 29.58% since the start of this year. The company's stock is trading below its 50-day and 200-day moving averages of $7.96 and $7.38, respectively. Additionally, ShoreTel Inc.'s stock has an RSI of 28.96. Sign up today to read free research on SHOR at:
http://www.investor-edge.com/2770-SHOR-20May2014.pdf
On Monday, shares in QuickLogic Corp. recorded a trading volume of 2.02 million shares, much above its three months average volume of 0.82 million shares. The stock ended the day at $3.90, which was 5.11% below its previous day's closing of $4.11, and registered an intraday range of $3.81 and $4.15. Although QuickLogic Corp.'s stock has surged 12.07% in the previous three trading sessions, it has lost 23.23% in the last one month and 1.27% on YTD basis. The stock is trading above its 200-day moving average of $3.83, while the 200-day moving average is below QuickLogic Corp.'s 50-day moving average of $4.68. Furthermore, shares of the company have an RSI of 49.09. Sign up today to read free research on QUIK at:
http://www.investor-edge.com/2770-QUIK-20May2014.pdf
ANADIGICS Inc.'s stock finished the Monday's session 1.77% higher at $1.15. A total of 0.53 million shares were traded, which was below its three months average volume of 0.79 million shares. The stock vacillated between $1.10 and $1.16 during the session. Over the last one month and over the previous three months, ANADIGICS Inc.'s shares have declined 20.14% and 40.72%, respectively. Additionally, from the beginning of 2014, the company's stock has lost 37.50%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $1.82 is greater than its 50-day moving average of $1.51. ANADIGICS Inc.'s stock has an RSI of 36.68. Sign up today to read free research on ANAD at:
http://www.investor-edge.com/2770-ANAD-20May2014.pdf
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