StockCall Study on America Movil, Adobe Systems, Parametric Technology, Broadridge Financial Solutions, and Silicon Image
LONDON, April 19, 2013 /PRNewswire/ --
Equity markets fell for a second day in a row on Thursday as some disappointing economic data and mixed earnings reports weighed down investors' sentiment. All three benchmark indexes have now fallen in three of the four trading sessions this week. The technology sector was among the worst performers yesterday as it came under pressure ahead of earnings from big tech companies. Among the major movers in the technology sector on Thursday were America Movil S.A.B. de C.V. (NYSE: AMX), Adobe Systems Incorporated (NASDAQ: ADBE), PTC Inc. (NASDAQ: PMTC), Broadridge Financial Solutions Inc. (NYSE: BR), and Silicon Image Inc. (NASDAQ: SIMG). StockCall free coverage on AMX, ADBE, PMTC, BR, and SIMG is available upon registration at
http://www.stockcall.com/register
Shares of America Movil S.A.B. de C.V. edged higher in yesterday's trading session. The stock closed 1.10% higher at $20.25 on volume of 9.77 million after touching an intra-day high of $20.38. The wireless communications company's shares have struggled so far in 2013 so far even as the broad market has rallied. Year-to-date, the stock has fallen nearly 12.50%. The stock is trading 28.01% below its 52-week high. Download the free technical research on AMX by signing up at
http://www.StockCall.com/AMX041913.pdf
Adobe Systems Incorporated's shares were among the major losers in the technology sector yesterday. The stock fell to an intra-day low of $44.34 before finishing the day 0.98% lower at $44.46. Despite the pullback on Thursday, Adobe Systems' shares are currently trading close to their 52-week high of $45.53. Shares of ADBE have had an excellent run so far in 2013, gaining nearly 18%. The stock is also trading above its 50-day and 200-day moving averages. However, its MACD chart suggests that market sentiment may have turned bearish. Register now and get access to the free analysis on ADBE at
http://www.StockCall.com/ADBE041913.pdf
Shares of PTC Inc., formerly known as Parametric Technology Corporation, edged lower on Thursday, extending their losses from previous trading sessions. The stock ended the day 1.69% lower at $22.07 on volume of 605,119, taking its losses in the last three sessions to nearly 2.50%. Shares of PMTC have seen a series of lows in the last few weeks, which is a bearish signal. The stock has also slipped below its 50-day moving average, which further confirms the negative trend. Year-to-date, PTC's shares have now fallen nearly 2%. Sign up and read the complimentary report on PMTC at
http://www.StockCall.com/PMTC041913.pdf
Shares of Broadridge Financial Solutions Inc. edged lower on Thursday; however, the losses were limited. The stock closed 0.33% lower at $24.25 on volume of 586,894. Despite the pullback on Thursday, the company's shares have gained nearly 2.30% in the last three sessions. Shares of BR are currently trading close to their 52-week high of $24.96. The stock has had a decent run thus far this year, gaining nearly 6.80%. The free report on BR can be downloaded by signing up now at
http://www.StockCall.com/BR041913.pdf
Silicon Image Inc.'s shares edged higher on Thursday. The stock touched an intra-day high of $4.75 before finishing the day 0.65% higher at $4.68 on above average volume of 591,088. The company's shares have been struggling to break through $4.90 resistance level for the past few weeks. The stock currently has strong support at around $4.60. The stock's MACD has slipped below the signal line and the zero-line, which is a bearish signal. Free report on SIMG can be accessed by registering at
http://www.StockCall.com/SIMG041913.pdf
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