Technical Snapshot on Application Software Stocks - Fortinet, Workday, Proofpoint, and Innoviva

09 Jun, 2016, 09:05 ET from Chelmsford Park SA

NEW YORK, June 9, 2016 /PRNewswire/ --

On Wednesday, June 08, 2016, the NASDAQ Composite ended the trading session at 4,974.64, up 0.26%; the Dow Jones Industrial Average advanced 0.37% to finish at 18,005.05; and the S&P 500 closed at 2,119.12, up 0.33%. The gains were broad based as all the sectors ended the session in positive. has initiated coverage on the following equities: Fortinet Inc. (NASDAQ: FTNT), Workday Inc. (NYSE: WDAY), Proofpoint Inc. (NASDAQ: PFPT), and Innoviva Inc. (NASDAQ: INVA). Learn more about these stocks by accessing their free trade alerts at:

Fortinet Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The stock edged 0.90% higher to close the day at $34.78 with a total volume of 1.15 million shares traded. The Company's shares have gained 8.48% in the last one month and 25.70% in the previous three months. The stock is trading 8.67% and 3.69% above its 50-day and 200-day moving averages, respectively. Additionally, Fortinet's stock has a Relative Strength Index (RSI) of 68.92. Sign up and read the free notes on FTNT at:

Workday Inc. provides enterprise cloud applications for finance and human resources in the U.S. and internationally. The stock finished Wednesday's session 1.06% lower at $80.46 with a total volume of 1.17 million shares traded. Over the last one month and the previous three months, the Company's shares have gained 14.57% and 10.40%, respectively. Furthermore, the Company's stock has advanced 2.98% in the past one year. The stock is trading above its 50-day and 200-day moving averages by 6.16% and 9.33%, respectively. Workday's stock has an RSI of 63.76. The complimentary notes on WDAY can be downloaded in PDF format at:

On Wednesday, shares in Sunnyvale, California headquartered Proofpoint Inc. ended the session 1.37% higher at $64.40 with a total volume of 976,174 shares traded. The Company provides threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions worldwide. The Company's shares have gained 17.18% in the last one month, 26.35% in the previous three months, and 5.54% in the past one year. The stock is trading 16.46% above its 50-day moving average and 10.59% above its 200-day moving average. Moreover, shares of Proofpoint have an RSI of 78.41. Register for free on and access the latest research on PFPT at:

On Wednesday, shares in Innoviva Inc. ended the day 1.06% higher at $11.47 with a total volume of 584,402 shares traded. The Company engages in the development and commercialization of bio-pharmaceuticals. The stock is trading below its 50-day moving average by 5.78%. Furthermore, shares of Innoviva have an RSI of 49.61. The Company was founded in 1996 and is headquartered in South San Francisco, California. Get free access to your trade alert on INVA at:

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