Application Software Equities Technical Commentary -- Cadence Design Systems, Mobileye, RingCentral, and CDK Global

Jun 16, 2016, 08:55 ET from Chelmsford Park SA

NEW YORK, June 16, 2016 /PRNewswire/ --

On Wednesday, June 15, 2016, the NASDAQ Composite ended the trading session at 4,834.93, down 0.18%; the Dow Jones Industrial Average edged 0.20% lower to finish at 17,640.17; and the S&P 500 closed at 2,071.50, down 0.18%. However, six out of nine sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: Cadence Design Systems Inc. (NASDAQ: CDNS), Mobileye N.V. (NYSE: MBLY), RingCentral Inc. (NYSE: RNG), and CDK Global Inc. (NASDAQ: CDK). Learn more about these stocks by accessing their free trade alerts at:

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Cadence Design Systems Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (IP) for semiconductor and electronics systems industries worldwide. The stock edged 0.16% lower to close the day at $24.35 with a total volume of 1.86 million shares traded. The Company's shares have advanced 1.67% in the last one month and 5.78% in the previous three months. Furthermore, the Company's stock has gained 22.61% in the past one year. The stock is trading 1.77% above its 50-day moving average and 11.05% above its 200-day moving average. Additionally, Cadence Design Systems' stock has a Relative Strength Index (RSI) of 47.99. Sign up and read the free notes on CDNS at:

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On Wednesday, shares in Mobileye N.V. which together with its subsidiaries, develops computer vision and machine learning, data analysis, and localization and mapping for advanced driver assistance systems and autonomous driving technologies primarily in Israel, ended the session 2.73% higher at $35.81 with a total volume of 2.61 million shares traded. Shares of the Company traded at a PE ratio of 106.26. The stock is trading 5.23% below its 50-day moving average. Moreover, shares of Mobileye have an RSI of 40.09. The complimentary notes on MBLY can be downloaded in PDF format at:

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On Wednesday, shares in RingCentral Inc. ended the day 0.73% higher at $20.82 with a total volume of 315,429 shares traded. The Company's shares have gained 11.52% in the last one month, 37.06% in the previous three months and 9.29% in the past one year. The stock is trading above its 50-day and 200-day moving averages by 11.23% and 6.65%, respectively. Furthermore, shares of RingCentral have an RSI of 66.27. The Company was founded in 1999 and is headquartered in Belmont, California. Register for free on Stock-Callers.com and access the latest research on RNG at:

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CDK Global Inc. provides integrated information technology and digital marketing/advertising solutions to the automotive retail industry worldwide. The stock finished Wednesday's session 0.02% lower at $55.85 with a total volume of 724,828 shares traded. Over the last one month and the previous three months, the Company's shares have gained 7.20% and 23.37%, respectively. Furthermore, the Company's stock has advanced 0.88% in the past one year. The stock is trading above its 50-day and 200-day moving averages by 9.42% and 16.47%, respectively. CDK Global's stock has an RSI of 62.96. Get free access to your trade alert on CDK at:

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SOURCE Chelmsford Park SA