Pre-Market Analysis on Electronic Arts, Take-Two Interactive, VMware, and Infosys
LONDON, March 22, 2013 /PRNewswire/ --
Markets declined on account of escalating Cyprus issue. Oracle's disappointing financial numbers also added pressure on Technology sector on Thursday as benchmark index NASDAQ dropped 0.97 percent to close at 3,222. Other major indices also ended in the red zone with S&P closing 0.83 percent down at 1,545.80. The Dow Jones reported 0.62 percent decline to finish at 14,421.49. Our research team took a look at Technology sector in general which includes major companies such as Electronic Arts Inc. (NASDAQ: EA), Take Two Interactive Software Inc. (NASDAQ: TTWO), VMware Inc. (NYSE: VMW) and Infosys Ltd (NYSE: INFY). StockCall has posted free technical research on EA, TTWO, VMW, and INFY which can be downloaded upon sign up at
http://www.stockcall.com/signup
Electronic Arts Inc. is currently in a bullish mode as the stock ended its Thursday trading session at $17.70, up 2.08 percent. The stock traded in the range of $17.54 and $17.99 during yesterday's session. Electronic Arts traded 5.80 million shares, in comparison to its regular trading volume of 5.66 million. Its first support level is at $17.51 and upon breaching this level the stock may go down to $17.05 level. On the upside, the company's stock may touch $18.08 level. The stock has traded in the range of $10.77 and $19.51 in the past 52 weeks. It grew by 1.37 percent during the same time period. On a Year-to-Date basis, the stock is 27.16 percent. Sign up and read the complimentary report on EA at
http://www.StockCall.com/EA032213.pdf
Take Two Interactive Software Inc. shares were marginally down for its latest trading session, ending the day 0.45 percent lower at $15.59. The stock fell to an intra-day low of $15.56, while its intra-day high stood at $15.97. Its trading volume for yesterday's session stood at 991,261 shares, down from regular volume of 2.16 million shares. Despite the downward movement, Take Two has grown more than 41 percent this year, compared to a gain of 10.22 percent for the S&P 500. The company's shares have strong support at around $15.46, as the stock shows a bullish trend. The stock is trading lower than its 20-day and 50-day moving averages. The free report on TTWO can be downloaded by signing up now at
http://www.StockCall.com/TTWO032213.pdf
VMware Inc. traded in the range of $79.78 and $81.51 in its latest trading session and closed the day at $81.05, down 0.32 percent. The stock's 52 weeks range stands at $70.05 and $118.79. VMware lost 24.33 percent of its value in the past 12 months, while it shed 12.71 percent so far this year. The company is in a bullish mode and may find its first support level at $80.34. It is trading above its 20-day moving average of $76.05, further confirming the positive trend. Free report on VMW can be accessed by registering at
http://www.StockCall.com/VMW032213.pdf
Shares of Infosys Ltd ended its previous trading session lower at $52.21, down 2.28 percent. It traded 1.25 million shares during the session. The stock gained more than 24 percent this year, outperforming the broad market. The stock has slipped from $53.08 resistance level. It has support at around $51.73 at the moment. With its downward movement, Infosys Ltd. is still trading below its 6-day and 20-day moving averages. Register with StockCall and download the research on INFY for free at
http://www.StockCall.com/INFY032213.pdf
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