Technical Notes on Active Equities -- Research on Neonode, Boston Scientific, Infoblox, and Office Depot Editor Note: For more information about this release, please scroll to bottom.
LONDON, June 3, 2014 /PRNewswire/ --
The markets on Monday, June 02, 2014 ended on a mixed note as the Dow Jones Industrial Average finished at 16,743.63, up 0.16% and the NASDAQ Composite closed at 4,237.20, down 0.13%. The S&P 500 edged 0.07% higher, to finish the day at 1,924.97. The gains were broad based as six out of ten sectors ended the session in positive. The session saw a positive impact from Consumer Discretionary, Industrials and Materials sectors along with a drag from Information Technology, Energy and Consumer Staples sectors. Investor-Edge has initiated coverage on the following equities: Neonode Inc. (NASDAQ: NEON), Boston Scientific Corporation (NYSE: BSX), Infoblox Inc. (NYSE: BLOX) and Office Depot Inc. (NYSE: ODP). Free technical research on NEON, BSX, BLOX and ODP can be downloaded upon signing up at:
On Monday, Neonode Inc.'s stock fell by 11.05%, closing the day at $3.14, after hitting a new 52-week low of $3.01. The stock recorded a trading volume of 3.84 million shares, much above its three months average volume of 0.96 million shares. The stock oscillated between $3.01 and $3.53 during the trading session. Neonode Inc.'s shares have declined 37.20% in the last one month and 56.51% in the previous three months. Also, the stock has lost 50.32% since the start of this year. The S&P 500 Information Technology Sector Index advanced 3.56% in the last one month, while the S&P 500 gained 2.33% during the same period. Neonode Inc.'s stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $5.94 is higher than its 50-day moving average of $5.01. Moreover, shares of the company have a Relative Strength Index (RSI) of 32.26. Sign up today to read free research on NEON at:
Boston Scientific Corp.'s stock traded between $12.73 and $12.95 before ending the day 0.39% higher at $12.88. The company's stock reported a trading volume of 6.18 million shares on Monday, which was below its three months average volume of 12.17 million shares. Over the last one month and since start of this year, Boston Scientific Corp.'s stock has advanced 0.55% and 7.15%, respectively. However, the stock has declined 1.68% over the past three months. The S&P 500 Health Care Sector Index advanced 3.37% in the last one month, while the NASDAQ Composite Index has gained 2.75% during the same period. The stock is trading above its 200-day moving average. Boston Scientific Corp.'s 50-day moving average of $13.11 is greater than its 200-day moving average of $12.41. Additionally, the company's stock traded at a PE ratio of 27.05 and has an RSI of 47.28. Sign up today to read free research on BSX at:
On Monday, shares in Infoblox Inc. recorded a trading volume of 4.72 million shares, which was much above its three months average volume of 1.68 million shares. The stock finished the day at $12.48, which was 3.70% lower to its previous day's closing, and registered an intraday range of $12.15 and $12.96. Infoblox Inc.'s shares have lost 36.33% in the last one month and 45.93% in the previous three months. Also, the stock has plummeted 62.20% on YTD basis. The S&P 500 Information Technology Sector Index advanced 3.56% in the last one month, while the S&P 500 gained 2.33% during the same period. Infoblox Inc.'s stock is trading below its 50-day and 200-day moving averages; while, the 200-day moving average of $31.22 is above its 50-day moving average of $19.32. Furthermore, shares of the company have an RSI of 24.18. Sign up today to read free research on BLOX at:
Shares in Office Depot Inc. closed Monday's session 0.20% higher at $5.13. A total of 5.47 million shares were traded, which was below its three months average volume of 9.99 million shares. The stock moved between $5.01 and $5.17 during the session. Over the last one month and previous three months, shares in Office Depot Inc. have surged 20.71% and 4.06%, respectively. However, the company's stock has fallen by 3.02% since the beginning of 2014. The S&P 500 Consumer Discretionary Sector Index advanced 2.39% in the last one month, while the NASDAQ Composite Index gained 2.75% during the same period. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $4.84 is greater than its 50-day moving average of $4.51. Further, Office Depot Inc.'s stock has an RSI of 59.50. Sign up today to read free research on ODP at:
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