StockCall Scrutinizes Nuance Comm., Adobe Systems, BMC Software, and Catamaran Corp.

Mar 19, 2013, 08:00 ET from

LONDON, March 19, 2013 /PRNewswire/ --

Stock Markets continued their pullback from the last week. The first session of this new week was marred by news of Cyprus fiscal crisis, exerting pressure on major indices. The Dow Jones ended Monday's session at 14,452.06, down 0.43 percent while NASDAQ dipped 0.35 percent to close at 3,237.59. Similarly, S&P closed in the red zone at 1,552.10, down 0.55 percent. While all the sectors were affected by the generally negative outlook in the market, our research team took a look at the technology sector, more precisely the Application Software industry which includes major companies like Nuance Communications Inc. (NASDAQ: NUAN), Adobe Systems Inc. (NASDAQ: ADBE), BMC Software Inc. (NASDAQ: BMC) and Catamaran Corp. (NASDAQ: CTRX). StockCall reviewed the Application Software industry and chose NUAN, ADBE, BMC, and CTRX for its technical coverage. These free reports can be seen for free at

Nuance Communications Inc. is currently trading in overbought territory with its Relative Strength Index above 80. Consequently, the stock may see some pullback in the coming sessions. It closed its Monday's session at $18.61, up 0.22 percent. The stock is currently in a bullish mode and may touch $18.93 level in the coming days. Upon breaching this level, the stock's next resistance level is at $19.26. Nuance's stock is highly volatile with its beta at 1.50. In 2013, the stock declined 14.91 percent. Its 52 weeks loss stands at 28.83 percent. The stock has traded in the range of $18.00 and $26.85 during the said time period. Download the free research on NUAN by signing up now at  

Adobe Systems Inc. is trading below its long-term moving average price, indicating a bearish trend. It also closed its latest trading session at $41.06, down 0.77 percent. The stock made a downward movement with above average volume of 3.30 million shares. Adobe trades at Price/Earnings ratio of 24.73, higher than industry average, making the stock an expensive proposition. However, the stock provided good return to its holders as it appreciated 11.27 percent this year. The application software stock also gained 21.41 percent in the past 52 weeks. Register for today's free analysis on ADBE at  

BMC Software Inc. closed yesterday' trading session with a mild downward movement, accompanied with below average volume. The stock ended at $43.98, down 0.32 percent from its previous close. It traded in the range of $43.56 and $44.40 during Monday's session. The company has a low volatility as it commands beta of 0.54. The company's current market capitalization stands at $6.28 billion. The stock has gained 11.17 percent on a YTD basis while its 52 weeks gain stands at 13.94 percent. Free report on BMC can be accessed by registering at  

Catamaran Corp. is currently trading above its 20-day average price but below its 50-day moving average price and is in a neutral mode. It also ended its latest trading session 0.48 percent lower at $51.69, further confirming the trend. Catamaran exchanged 2.10 million shares during Monday's session. The stock has underperformed the broader markets and has gained only 10 percent so far this year. However, it is likely to go up to $52.79 in the coming sessions. Its second resistance level is at $53.62. The company commands market capitalization of $10.62 billion. Register with StockCall and download the research on CTRX for free at  

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