Oracle, Microsoft, CA Technologies, Cadence Design Systems, and Vringo Early Briefing and Review
LONDON, April 3, 2013 /PRNewswire/ --
2012 was a challenging year for the technology sector as businesses scaled back their spending amid uncertain economic environment. While the global economy is still not completely out of the woods yet, outlook has improved significantly since the start of this year. The improving economic outlook, especially in the U.S., should boost technology spending from businesses. This augurs well for tech companies such as Oracle Corporation (NASDAQ: ORCL), Microsoft Corporation (NASDAQ: MSFT), CA Inc. (NASDAQ: CA), Cadence Design Systems Inc. (NASDAQ: CDNS), and Vringo Inc. (NYSEAMEX: VRNG). Technology stocks ended on a mixed note on Tuesday even as the broad market edged higher. StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at
http://www.stockcall.com/report
Oracle Corporation's shares were among the major gainers in the technology sector on Tuesday. The stock ended the day 1.03% higher at $32.74 on volume of 22.62 million. Oracle's shares have now gained nearly 2.50% in the last three trading sessions. The tech giant's shares had fallen sharply last month after the company reported its quarterly results. However, the stock has been making a recovery in the last few trading sessions after bottoming out at around $31.50. Year-to-date, Oracle Corp.'s shares are still down more than 1.70%. Sign up for the free report on ORCL at
http://www.StockCall.com/ORCL040313.pdf
Shares of Microsoft Corporation edged higher in trading on Tuesday. The stock touched an intra-day high of $28.85 before finishing the day 0.66% higher at $28.80 on volume of 28.46 million. Microsoft's shares recently crossed their 200-day moving average, which is a bullish signal. The stock's MACD has also crossed above the signal line, which further confirms the bullish trend. Year-to-date, the company's shares have now gained more than 8.70%, compared to a gain of over 10% for the S&P 500. MSFT free technical report can be accessed by signing up at
http://www.StockCall.com/MSFT040313.pdf
CA Inc.'s shares struggled in trading on Tuesday. The stock fell to an intra-day low of $24.67 before finishing the day 0.40% lower at $24.75 on above average volume of 2.96 million. The company's shares have traded sideways in the last few weeks, struggling to break through $25.50 resistance level. Yesterday, the stock slipped below its 50-day moving average, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Shares of CA are still up more than 13.70% for the year, thanks mainly to gains posted in January. Free report on CA can be accessed by registering at
http://www.StockCall.com/CA040313.pdf
Shares of Cadence Design Systems Inc. also slipped in trading on Tuesday; however, the losses were limited. The stock closed 0.44% lower at $13.56 on volume of 1.15 million. Cadence's shares have now fallen more than 2% in the last three trading sessions. The stock is currently trading below its 50-day moving average, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. The MACD is currently trading below the signal line and the zero-line. Register with StockCall and download the research on CDNS for free at
http://www.StockCall.com/CDNS040313.pdf
Vringo Inc.'s shares fell sharply in Tuesday's trading session. The stock ended the day 2.54% lower at $3.07 on above average volume of 2.23 million. Despite the sharp decline yesterday, Vringo's shares are still up more than 11% in the last three sessions. For the year, the stock has gained nearly 7%. In the last one year, though, the company's shares have gained more than 86%. The stock has recently slipped below its 50-day and 200-day moving averages, which is a bearish signal. Read the full free research on VRNG by signing up to StockCall at
http://www.StockCall.com/VRNG040313.pdf
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