Technical Analysis on Internet Software and Services Equities -- Research on Rackspace Hosting, EarthLink Holdings, Gogo, and Tremor Video Editor Note: For more information about this release, please scroll to bottom
LONDON, June 20, 2014 /PRNewswire/ --
On Thursday, June 19, 2014, the NASDAQ Composite ended at 4,359.33, down 0.08%, the Dow Jones Industrial Average finished the day 0.09% higher at 16,921.46, and the S&P 500 closed at 1,959.48, up 0.13%. The gains were broad based as six out of ten sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 628.82, down 0.20%, while the index has advanced 4.53% in the last one month. Investor-Edge has initiated coverage on the following equities: Rackspace Hosting Inc. (NYSE: RAX), EarthLink Holdings Corp. (NASDAQ: ELNK), Gogo Inc. (NASDAQ: GOGO) and Tremor Video Inc. (NYSE: TRMR). Free technical research on RAX, ELNK, GOGO and TRMR can be downloaded upon signing up at:
On Thursday, Rackspace Hosting Inc.'s stock recorded a trading volume of 1.45 million shares, lower than its three months average volume of 3.61 million shares. The stock finished the day at $36.70, down 0.38%, and registered an intraday range of $36.25 and $37.10. Rackspace Hosting Inc.'s shares have advanced 1.83% in the last one month and 6.07% in the previous three months. However, the stock has declined 6.21% on YTD basis. Furthermore, the company's stock is trading above its 50-day moving average. The stock's 200-day moving average of $38.99 is above its 50-day moving average of $32.82. Additionally, shares of the company traded at a PE ratio of 62.20 and have a Relative Strength Index (RSI) of 60.24. Sign up today to read free research on RAX at:
EarthLink Holdings Corp.'s stock fell by 1.97%, to close Thursday's session at $3.49, after oscillating between $3.48 and $3.59. The stock recorded a trading volume of 0.81 million shares, below its three months average volume of 1.07 million shares. Over the last one month, EarthLink Holdings Corp.'s shares have gained 0.29%. However, over the past three months and from the beginning of 2014, the company's stock has lost 9.11% and 31.15%, respectively. The stock is trading below its 50-day and 200-day moving averages. The company stock's 200-day moving average of $4.42 is above its 50-day moving average of $3.52. Further, the company's stock has an RSI of 47.49. Sign up today to read free research on ELNK at:
On Thursday, Gogo Inc.'s stock finished the session 0.34% higher at $18.95. A total of 2.11 million shares were traded, which was below its three months average volume of 3.47 million shares. The stock moved between $18.70 and $19.32 during the session. Over the past three trading sessions and last one month, Gogo Inc.'s shares have surged 1.09% and 30.90%, respectively. However, the stock has gone down by 23.65% since the start of this year. The company's shares are trading above their 50-day moving average. Moreover, the stock's 200-day moving average of $20.33 is greater than its 50-day moving average of $16.60. Gogo Inc.'s stock has an RSI of 61.20. Sign up today to read free research on GOGO at:
Shares in Tremor Video Inc. fluctuated between $4.42 and $4.80 before ending Thursday's session up 0.66%, at $4.57. The company's stock reported a trading volume of 1.10 million shares, above its three months average volume of 0.50 million shares. Further, shares of Tremor Video Inc. have gone up 7.53% over the last one month and 2.70% over the past three months. However, the stock has plummeted 21.21% on YTD basis. The stock is trading above its 50-day moving average. The stock's 200-day moving average of $5.70 is greater than its 50-day moving average of $4.22. Moreover, shares of the company have an RSI of 62.69. Sign up today to read free research on TRMR at:
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