2014

Technical Pulse on Machinery Stocks -- Research on Cummins, Illinois Tool Works, Flowserve, and Adept Technology Editor Note: For more information about this release, please scroll to bottom

LONDON, April 22, 2014 /PRNewswire/ --

On Monday, April 21, 2014, the NASDAQ Composite ended at 4,121.55, up 0.64%, the Dow Jones Industrial Average finished the session 0.25% higher at 16,449.25, and the S&P 500 closed at 1,871.89, up 0.38%. The gains were broad based as eight out of ten sectors posted gains. The S&P 500 Industrials Sector Index finished the day at 456.26, up 0.32%, and the same has gained 1.84% in the previous three months. Investor-Edge has initiated coverage on the following equities: Cummins Inc. (NYSE: CMI), Illinois Tool Works Inc. (NYSE: ITW), Flowserve Corp. (NYSE: FLS) and Adept Technology Inc. (NASDAQ: ADEP). Free technical research on CMI, ITW, FLS and ADEP can be downloaded upon signing up at:

http://www.investor-edge.com/1499-register

Cummins Inc.'s stock edged 0.20% higher on Monday, ending the day at $146.57. The stock recorded a trading volume of 0.54 million shares, below its three months average volume of 1.65 million shares. The stock oscillated between $144.85 and $146.88 during the trading session. The company's stock traded at a PE ratio of 19.11. Cummins Inc.'s shares have gained 3.39% in the previous three trading sessions, 1.54% in the last one month and 3.97% since the start of this year. The stock is trading above its 50-day and 200-day moving averages of $143.40 and $132.75, respectively. Moreover, shares of the company have a Relative Strength Index (RSI) of 54.09. Sign up today to read free research on CMI at:

http://www.investor-edge.com/1499-CMI-22Apr2014.pdf

Shares in Illinois Tool Works Inc. fluctuated between $83.60 and $84.60 before ending the Monday's session 0.46% higher at an intra-day high of $84.60. Shares in Illinois Tool Works Inc. reported a trading volume of 2.40 million shares, close to its three months average volume of 2.50 million shares. Shares of the company traded at a PE ratio of 21.53. Illinois Tool Works Inc.'s shares have advanced 2.97% in the previous three trading sessions, 4.75% in the last one month and 0.62% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $81.35 and $77.98, respectively. Additionally, shares of the company have an RSI of 61.53. Sign up today to read free research on ITW at:

http://www.investor-edge.com/1499-ITW-22Apr2014.pdf

On Monday, Flowserve Corp.'s stock recorded a trading volume of 0.80 million shares, which was below its three months average volume of 1.20 million shares. The stock ended the day at $79.46, which was 0.53% higher than its previous day's closing price of $79.04, and registered an intraday range of $78.20 and $79.49. Flowserve Corp.'s shares have advanced 4.24% in the previous three trading sessions, 3.14% in the last one month and 0.80% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $77.68 and $68.57, respectively. Furthermore, the stock has an RSI of 57.37. Sign up today to read free research on FLS at:

http://www.investor-edge.com/1499-FLS-22Apr2014.pdf

Shares in Adept Technology Inc. gained 2.39% on Monday, closing the day at $15.00. A total of 0.28 million shares were traded, close to its three months average volume of 0.32 million shares. The stock moved between $14.62 and $15.50 during the trading session. The stock has advanced 5.04% over the previous three trading sessions, while the same has declined 25.34% in the last one month and 11.19% since the beginning of this year. The company's shares are trading below its 50-day moving average. Adept Technology Inc.'s 50-day moving average of $17.54 is above its 200-day moving average of $10.98. Moreover, the company's stock has an RSI of 38.65. Sign up today to read free research on ADEP at:

http://www.investor-edge.com/1499-ADEP-22Apr2014.pdf


===============
EDITOR'S NOTES:
===============

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 fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. 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.

COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge. An outsourced research services provider represented by Nidhi Vatsal, CFA, 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.


SOURCE Investor-Edge



More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.