Technical Pulse on Internet Software and Services Stocks - AOL Inc., YY Inc., 58.com, SouFun Holdings, and Yelp
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LONDON, October 24, 2014 /PRNewswire/ --
Investor-Edge has initiated coverage on the following equities: AOL Inc. (NYSE: AOL), YY Inc. (NASDAQ: YY), 58.com Inc. (NYSE: WUBA), SouFun Holdings Ltd (NYSE: SFUN), and Yelp Inc. (NYSE: YELP). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Thursday, October 23, 2014, the NASDAQ Composite ended at 4,452.79, up 1.60%, the Dow Jones Industrial Average advanced 1.32%, to finish the day at 16,677.90, and the S&P 500 closed at 1,950.82, up 1.23%. The gains were broad based as eight out of ten sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 644.14, up 1.53%, with the index also advancing 3.15% in the previous three trading sessions. Register for your complimentary reports on these five stocks at:
http://investor-edge.com/register
AOL Inc.'s stock finished Thursday's session 3.00% higher at $41.86. A total of 0.71 million shares were traded, which was below its three months average volume of 1.20 million shares. The stock moved between $41.26 and $42.17 during the session. Over the last three trading sessions and the previous three months, AOL Inc.'s shares have advanced 3.36% and 7.36%, respectively. However, from the beginning of 2014, the stock has declined 10.21%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $42.62 is greater than its 200-day moving average of $41.96. AOL Inc.'s stock traded at a PE ratio of 24.70 and has a Relative Strength Index (RSI) of 44.10. Sign up and read the free notes on AOL at:
http://www.Investor-Edge.com/AOL-24Oct2014
On Thursday, shares in YY Inc. fluctuated between $76.01 and $79.25 before ending the session 4.30% higher at $78.75. The stock reported a trading volume of 1.08 million shares, below its three months average volume of 1.60 million shares. Shares of the company traded at a PE ratio of 39.77. YY Inc.'s shares have advanced 3.16% in the previous three trading sessions, 6.39% in the last three months and 56.62% on YTD basis. The company's stock is trading above its 200-day moving average of $72.89. Moreover, shares of YY Inc. have an RSI of 47.11. The complimentary notes on YY can be downloaded as in PDF format at:
http://www.Investor-Edge.com/YY-24Oct2014
58.com Inc.'s stock edged 0.85% higher, to close the day at $38.15. The stock recorded a trading volume of 0.50 million shares, much below its three months average volume of 1.41 million shares. The stock oscillated between $37.56 and $38.60 during the session. Although, 58.com Inc.'s shares have gained 3.11% in the last one month, it has lost 0.42% in the previous three trading sessions and 0.50% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $43.21 is above its 50-day moving average of $40.50. Additionally, 58.com Inc.'s stock traded at a PE ratio of 98.44 and has an RSI of 49.84. Register for free on Investor-Edge and access the latest research on WUBA at:
http://www.Investor-Edge.com/WUBA-24Oct2014
On Thursday, shares in SouFun Holdings Ltd recorded a trading volume of 2.82 million shares, lower than its three months average volume of 6.72 million shares. The stock ended the day at $10.25, which was 1.25% below its previous day's closing of $10.38, and registered an intraday range of $10.23 and $10.62. Shares of the company traded at a PE ratio of 13.38. Over the last three trading sessions and since the start of this year, SouFun Holdings Ltd's shares have lost 0.77% and 37.81%, respectively. However, the stock has advanced 2.09% in the last one month. The company's stock is trading below its 50-day and 200-day moving averages of $10.78 and $12.67, respectively. Furthermore, shares of SouFun Holdings Ltd have an RSI of 50.78. The complete research on SFUN is available for free at:
http://www.Investor-Edge.com/SFUN-24Oct2014
Yelp Inc.'s stock lost 18.60%, to close Thursday's session at $57.17, after oscillating between $56.42 and $62.26. The stock recorded a trading volume of 27.06 million shares, much above its three months average volume of 3.56 million shares. Yelp Inc.'s shares have declined 20.30% in the last one month and 16.78% in the previous three months. Additionally, the stock has plummeted 17.08% since the beginning of 2014. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $74.90 is above its 200-day moving average of $74.15. Further, the stock traded at a PE ratio of 2858.50 and has an RSI of 50.01. On October 22, 2014 (for previous day's reporting), Yelp Inc. announced its Q3 FY 2014 financial results. For Q3 FY 2014, the company reported net income attributable to Yelp Inc. of $3.6 million, or $0.05 per diluted share. Free in depth research on YELP is available at:
http://www.Investor-Edge.com/YELP-24Oct2014
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