Morning Research on Pitney Bowes, VeriFone Systems, Sony, and Harman Intl. Industries
LONDON, March 7, 2013 /PRNewswire/ --
Consumer Goods sector retained its bullish stance despite concerns about slowing economic growth. Overall markets also remained in a buoyant mood and moved up. While budget cuts may put some pressure on the sector, consumer goods stocks are currently performing well. The Dow Jones ended its latest session at 14,296.24, up 0.30 percent while NASDAQ was down 0.05 percent to close at 3,222.37. Similarly, S&P closed on a positive note at 1,541.46, up 0.11 percent. Our research team took a look at Consumer Goods sector including major companies like Pitney Bowes Inc. (NYSE: PBI), VeriFone Systems Inc. (NYSE: PAY), Sony Corp. (NYSE: SNE) and Harman International Industries (NYSE: HAR). StockCall has posted free technical research reports on PBI, PAY, SNE, and HAR and these can be accessed by signing up at
http://www.stockcall.com/analysis
Pitney Bowes Inc. is currently in a bullish mode as the stock ended its previous trading session at $13.79, up 0.95 percent. The stock traded in the range of $13.65 and $13.81 during Wednesday's session. Its first support level is at $13.34 and upon breaching this level, the stock may go down to $12.84 level. On the upside, Pitney Bowes Inc.'s stock may touch $14.00 level. The company's stock has traded in the range of $10.34 and $18.63 in the past 52 weeks and it declined by 23.43 percent during the same time period. On a Year-to-Date basis, the stock is up 29.61 percent. Download the free report on PBI upon registration at
http://www.StockCall.com/PBI030713.pdf
VeriFone Systems Inc.'s shares were up for Wednesday's trading session, ending the day 8.57 percent higher at $20.90. The stock fell to an intra-day low of $20.00, while its intra-day high stood at $21.99. Despite the upward move, VeriFone has lost more than 29 percent this year, compared to a gain of 8.08 percent for the S&P 500. The shares have strong support at around $19.54, as the stock shows bullish trend. The stock is trading lower than its 20-day and 50-day moving averages. PAY technical report can be accessed for free by signing up at
http://www.StockCall.com/PAY030713.pdf
Sony Corp. traded in the range of $15.73 and $15.95 in yesterday's trading session and ended the day at $15.84, up 2.13 percent. The stock's 52 weeks range stands at $9.57 and $22.05. Sony has lost 25.88 percent of its value in the past 12 months, while it gained 41.43 percent so far this year. The company is in a bullish mode and may find its first support level at $15.61. On the upside, its resistance level is at $16.25, and upon breaching this level Sony may go as high as $16.56. It is trading above its 20-day moving average of $14.72 and 50-day SMA of $13.38. The free report on SNE can be downloaded by signing up now at
http://www.StockCall.com/SNE030713.pdf
Shares of Harman International Industries ended its previous trading session higher on Wednesday at 43.32, up 1.69 percent. The stock lost 2.96 percent this year, underperforming the broad market. It has traded in the range of $34.08 and $52.75 in the past 52 weeks. The stock has slipped from $43.83 resistance level and has support at around $43.20 at the moment. Despite its upward move, the company is still trading below its 20-day and 50-day moving averages. Free report on HAR can be accessed by registering at
http://www.StockCall.com/HAR030713.pdf
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