Technical Coverage on Software Stocks -- Research on Autodesk, Concur Technologies, PTC Inc., and Mentor Graphics Editor Note: For more information about this release, please scroll to bottom.
LONDON, May 19, 2014 /PRNewswire/ --
On Friday, May 16, 2014, the NASDAQ Composite ended at 4,090.59, up 0.52%, the Dow Jones Industrial Average finished the session at 16,491.31, up 0.27% and the S&P 500 closed at 1,877.86, up 0.37%. During the trading session, nine out of ten sectors finished on a higher note. The S&P 500 Information Technology Sector Index ended the day at 596.63, up 0.64%, and the index has gained 1.10% in the previous three months. Investor-Edge has initiated coverage on the following equities: Autodesk Inc. (NASDAQ: ADSK), Concur Technologies Inc. (NASDAQ: CNQR), PTC Inc. (NASDAQ: PTC) and Mentor Graphics Corp. (NASDAQ: MENT). Free technical research on ADSK, CNQR, PTC and MENT can be downloaded upon signing up at:
Autodesk Inc.'s stock surged 8.05% on Friday, closing the day at $51.67. The stock recorded a trading volume of 7.93 million shares, much above its three months average volume of 3.07 million shares. The stock oscillated between $49.61 and $52.07 during the session. Over the previous three sessions and in the last one month, Autodesk Inc.'s shares have gained 6.93% and 6.56%, respectively. Moreover, the stock has advanced 2.68% from the beginning of 2014. The company's shares are trading above their 50-day and 200-day moving averages. Autodesk Inc.'s 50-day moving average of $48.76 is above its 200-day moving average of $45.61. Furthermore, the company's stock traded at a PE ratio of 58.71 and has a Relative Strength Index (RSI) of 66.65. On May 15, 2014, Autodesk Inc. also announced its Q1 FY2015 financial results. The company reported that its revenue increased 3.9%YoY to $593 million,. Further, the company's GAAP diluted earnings for the reported quarter stood at $0.12, compared with $0.24 in the Q1 FY 2014. Sign up today to read free research on ADSK at:
On Friday, shares in Concur Technologies Inc. fluctuated between $78.00 and $81.00 before ending the session 2.28% higher at $80.81. The company's stock reported a trading volume of 0.61 million shares, below its three months average volume of 0.86 million shares. Over the last one month and on YTD basis, shares in Concur Technologies Inc. have lost 12.97% and 21.68%, respectively. However, the company's stock has advanced 1.57% in the previous three trading sessions and in the. The company's shares are trading below their 50-day and 200-day moving averages of $93.21 and $102.81, respectively. Moreover, the company's stock has an RSI of 40.96. Sign up today to read free research on CNQR at:
On Friday, PTC Inc.'s stock recorded a trading volume of 0.62 million shares, which was below its three months average volume of 0.74 million shares. The stock ended the day at an intra-day high of $35.88, which was 2.84% higher its previous day's closing of $34.89, and registered an intraday range of $34.63 and $35.88. The company's stock traded at a PE ratio of 24.34. PTC Inc.'s shares have advanced 1.07% in the previous three trading sessions, 2.51% in the last one month and 1.38% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $35.69 and $32.58, respectively. Furthermore, shares of the company have an RSI of 54.46. Sign up today to read free research on PTC at:
Shares in Mentor Graphics Corp. finished Friday's trading session 1.34% higher at $20.45. A total of 0.28 million shares were traded, below its three months average volume of 0.55 million shares. The stock moved between $19.96 and $20.45 during the session. However, Mentor Graphics Corp.'s stock has fallen by 1.35% in the previous three trading sessions and 2.80% in the last one month. Also, the company's stock has declined 15.04% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages of $21.34 and $21.93, respectively. Additionally, the company's stock traded at a PE ratio of 14.93 and has an RSI of 45.93. Sign up today to read free research on MENT at:
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