LONDON, May 13, 2014 /PRNewswire/ --
On Monday, May 12, 2014, the NASDAQ Composite ended at 4,143.86, up 1.77%, the Dow Jones Industrial Average finished the day 0.68% higher at 16,695.47, and the S&P 500 closed at 1,896.65, up 0.97%. 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 600.60, up 1.48%, and the index has advanced 4.43% in the last one month. Investor-Edge has initiated coverage on the following equities: Vringo Inc. (NASDAQ: VRNG), Infoblox Inc. (NYSE: BLOX), Western Digital Corporation (NASDAQ: WDC) and Fusion-io Inc. (NYSE: FIO). Free technical research on VRNG, BLOX, WDC and FIO can be downloaded upon signing up at:
Vringo Inc.'s stock finished the Monday's session 1.17% lower at $3.39. A total of 1.88 million shares were traded, which was close to its three months average volume of 1.72 million shares. The stock moved between $3.35 and $3.48 during the session. Vringo Inc.'s stock has declined 5.31% in the previous three trading sessions and 9.60% in the last one month. However, the stock has gained 14.53% since start of this year. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $3.78 is greater than its 200-day moving average of $3.37. Vringo Inc.'s stock has a Relative Strength Index (RSI) of 33.89. Sign up today to read free research on VRNG at:
On Monday, shares in Infoblox Inc. traded between $17.76 and $18.48 before ending the session 4.12% higher at $18.43. Infoblox Inc.'s stock reported a trading volume of 0.59 million shares, much below to its three months average volume of 2.14 million shares. Infoblox Inc.'s shares have advanced 3.54% in the previous three trading sessions and 3.02% in the last one month. However, the stock has lost 44.19% since beginning of 2014. The stock is trading below its 50-day and 200-day moving averages of $20.52 and $32.18, respectively. Moreover, shares of the company have an RSI of 35.56. Sign up today to read free research on BLOX at:
Shares in Western Digital Corp. edged 0.62% higher, to close the day at $82.46. The stock recorded a trading volume of 2.21 million shares, which was above its three months average volume of 1.97 million shares. The stock oscillated between $81.87 and $83.00 during the session. Over the previous three trading sessions and over the past three months, Western Digital Corp.'s shares have fallen by 1.07% and 4.19%, respectively. Further, the stock has lost 1.72% since the start of this year. The company's stock is trading above its 200-day moving average of $77.61, while the 200-day moving average is below Western Digital Corp.'s 50-day moving average of $87.92. Additionally, the stock traded at a PE ratio of 11.37 and has an RSI of 33.78. Sign up today to read free research on WDC at:
On Monday, shares in Fusion-io Inc. recorded a trading volume of 2.75 million shares, lower than its three months average volume of 2.88 million shares. The stock ended the day at $8.31, which was 3.62% above its previous day's closing of $8.02, and registered an intraday range of $8.04 and $8.50. Fusion-io Inc.'s shares have declined 9.87% in the last one month and 6.73% since the beginning of 2014. However, the stock has advanced 2.97% in the previous three trading sessions. The company's stock is trading below its 50-day and 200-day moving averages of $10.15 and $10.98, respectively. Furthermore, shares of the company have an RSI of 29.46. Sign up today to read free research on FIO at:
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.