Technical Pulse on Active Equities -- Research on Verizon Communications, Micron Technology, Alcoa, and J. C. Penney

LONDON, June 4, 2014 /PRNewswire/ --

The trading session on Tuesday, June 03, 2014 ended on a lower note as the Dow Jones Industrial Average finished at 16,722.34, down 0.13% and the NASDAQ Composite closed at 4,234.08, down 0.07%. The S&P 500 finished the day 0.04% lower at 1,924.24. During the trading session, six out of ten sectors finished on a negative note. Investor-Edge has initiated coverage on the following equities: Verizon Communications Inc. (NYSE: VZ), Micron Technology Inc. (NASDAQ: MU), Alcoa Inc. (NYSE: AA) and J. C. Penney Company Inc. (NYSE: JCP). Free technical research on VZ, MU, AA and JCP can be downloaded upon signing up at:

http://www.investor-edge.com/3355-register

Shares in Verizon Communications Inc. finished the day 1.52% lower at $49.29. A total of 19.22 million shares were traded on Tuesday, below its three months average volume of 24.84 million shares. The stock moved between $49.19 and $49.82 during the session. Shares in Verizon Communications Inc. have gained 4.61% in the last one month and 0.31% on YTD basis. However, the stock has edged lower by 0.86% in the previous three trading sessions. The S&P 500 Telecommunication Services Sector Index gained 2.12% in the previous one month, while the S&P 500 advanced 2.29% during the same period. The company's shares are trading above their 50-day and 200-day moving averages. Further, the stock's 50-day moving average of $47.93 is below its 200-day moving average of $48.06. Verizon Communications Inc.'s stock traded at a PE ratio of 16.42 and has a Relative Strength Index of 69.20. Sign up today to read free research on VZ at:

http://www.investor-edge.com/3355-VZ-04Jun2014.pdf

On Tuesday, shares in Micron Technology Inc. fluctuated between $28.40 and $28.93 before ending the day 0.03% higher at $28.67. The company's stock reported a trading volume of 14.00 million shares, much below its three months average volume of 29.10 million shares. Shares of the company traded at a PE ratio of 15.09. Shares in Micron Technology Inc. have gained 0.32% in the previous three trading sessions and 8.97% in the last one month. Moreover, the stock has surged 31.82% on YTD basis. The S&P 500 Information Technology Sector Index gained 4.55% in the previous three months, while the NASDAQ Composite Index fell by 1.01% during the same period. The company's stock is trading above its 50-day and 200-day moving averages of $25.18 and $21.42, respectively. Further, Micron Technology Inc.'s shares have an RSI of 67.81. Sign up today to read free research on MU at:

http://www.investor-edge.com/3355-MU-04Jun2014.pdf

Alcoa Inc.'s stock declined 1.30% on Tuesday, closing the day at $13.65. The stock recorded a trading volume of 10.75 million shares, below its three months average volume of 21.40 million shares. The stock oscillated between $13.54 and $13.77 during the trading session. Over the previous three trading sessions and since the start of this year, Alcoa Inc.'s stock has advanced 0.52% and 28.41%, respectively. However, the company's shares have edged lower by 0.51% in the last one month. The S&P 500 Materials Sector Index mapped gains of 0.12% in the previous three trading sessions, while the S&P 500 advanced 0.22% during the same period. Alcoa Inc.'s stock is trading above its 50-day and 200-day moving averages of $13.15 and $10.63, respectively. Furthermore, shares of the company traded at a PE ratio of 44.76 and have an RSI of 61.21. Sign up today to read free research on AA at:

http://www.investor-edge.com/3355-AA-04Jun2014.pdf

Shares in J.C. Penney Co. Inc. recorded a trading volume of 10.89 million shares on Tuesday, below its three months average volume of 22.61 million shares. The stock ended the day at $8.59, which was 1.04% lower than its previous day's closing, and registered an intraday range of $8.51 and $8.75. J.C. Penney Co. Inc.'s stock has fallen by 4.87% in the previous three trading sessions and 6.12% since the start of this year, although, it has advanced 0.12% in the last one month. The S&P 500 Consumer Discretionary Sector Index declined 1.79% on YTD basis, while the S&P 500 advanced 4.11% during the same period. Shares in J.C. Penney Co. Inc. are trading at their 50-day moving average of $8.59 and below their 200-day moving average of $8.78. Moreover, shares of the company have an RSI of 49.23. Sign up today to read free research on JCP at:

http://www.investor-edge.com/3355-JCP-04Jun2014.pdf


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EDITOR'S NOTES:
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