Morning Research on International Business Machines, Hewlett-Packard, Teradata, and Cray
LONDON, March 5, 2013 /PRNewswire/ --
On Monday, The Dow Jones ended its latest session at 14,127.82, up 0.27 percent while NASDAQ was up 0.39 percent to close at 3,182.03. Similarly, S&P also closed at a positive note at 1,525.20, up 0.46 percent. The Technology sector followed broad market sentiments and remained bullish. The sector is looking up as the general economy continues to improve and demand is looking optimistic. Diversified computer systems companies are expected to perform well this year as corporate spending goes up. Our research team took a look at the Diversified computer systems industry which includes major companies like International Business Machines Corp. (NYSE: IBM), Teradata Corporation (NYSE: TDC), Hewlett Packard Company (NYSE: HPQ) and Cray Inc. (NASDAQ: CRAY). StockCall has posted free technical research reports on IBM, HPQ, TDC, and CRAY and these can be accessed by signing up at
http://www.stockcall.com/analysis
International Business Machines Corp. traded in the range of $202.55 and $205.19 in its latest trading session and ended Monday at $205.19, up 1.12 percent. The stock's 52 weeks range stands at $181.85 and $211.79. The company has gained 3.21 percent of its value in the past 12 months, while it gained 7.12 percent so far this year. The company is in a bullish mode and may find its first support level at $203.69. It is trading above its 20-day moving average of $200.84. Download the free report on IBM upon registration at
http://www.StockCall.com/IBM030513.pdf
Shares of Teradata Corp. ended yesterday's trading session marginally lower at $58.38, down 0.31 percent. It traded 1.77 million shares during Monday's session, lower than its usual trading volume of 2.12 million. The stock is down more than 5 percent this year, lagging behind the broad market. The stock has slipped from $58.57 resistance level. It has support at around $56.98 at the moment. With its downward movement, the company is still trading below its 6-day and 20-day moving averages. Its 52 weeks trading range stands at $56.10 and $80.97. Teradata lost more than 12 percent during the same time period. HPQ technical report can be accessed for free by signing up at
http://www.StockCall.com/HPQ030513.pdf
Hewlett Packard Company's stock closed at $19.97, 0.89 percent lower. The stock traded in the range of $19.78 and $20.14 during yesterday's session and is currently is above its 20-day moving average price of $19.86. Hewlett Packard gained 40.14 percent this year so far. Its beta is 1.13. The company's stock is in a bullish phase and its first resistance level is at $20.35. On the downside, its first support is at $19.83. Upon breaching this level, its second support level is at $18.30. The free report on TDC can be downloaded by signing up now at
http://www.StockCall.com/TDC030513.pdf
With a sharp rise in its previous trading session, Cray Inc. jumped 28.53 percent for the year. It has gained 167.97 percent in the past 52 weeks. The stock closed 3.22 percent higher at $20.50 on volume of 586,000 shares. Its average trading volume stands at 409,000 shares. The company's shares currently face resistance at around $20.80. Upon breaking this level, it may go as high as $20.95. The stock has support at around $20.43. It is currently trading up its 20-day and 50-day moving averages, which is a bullish signal. Free report on CRAY can be accessed by registering at
http://www.StockCall.com/CRAY030513.pdf
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