LONDON, May 22, 2014 /PRNewswire/ --
On Wednesday, May 21, 2014, the NASDAQ Composite ended at 4,131.54, up 0.85%, the Dow Jones Industrial Average finished the day 0.97% higher at 16,533.06, and the S&P 500 closed at 1,888.03, up 0.81%. The gains were broad based as all the ten sectors edged higher. The S&P 500 Information Technology Sector Index ended the day 0.81% higher at 603.48, with the index also advancing 2.30% in the last three months. Investor-Edge has initiated coverage on the following equities: Oclaro Inc. (NASDAQ: OCLR), CIENA Corp. (NYSE: CIEN), Polycom Inc. (NASDAQ: PLCM) and Harmonic Inc. (NASDAQ: HLIT). Free technical research on OCLR, CIEN, PLCM and HLIT can be downloaded upon signing up at:
On Wednesday, Oclaro Inc.'s stock recorded a trading volume of 0.39 million shares, lower than its three months average volume of 1.01 million shares. The stock ended the day at $1.86, which was 2.20% above its previous day's closing of $1.82, and registered an intraday range of $1.81 and $1.91. Although Oclaro Inc.'s shares have gained 1.09% in the previous three trading sessions, it has plummeted 34.51% in the last three months and 25.30% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $2.84 and $2.28, respectively. Furthermore, shares of the company have a Relative Strength Index (RSI) of 28.28. Sign up today to read free research on OCLR at:
Ciena Corp.'s stock advanced 1.14%, to close the day at $19.44. The stock recorded a trading volume of 1.89 million shares, much below its three months average volume of 4.21 million shares. The stock oscillated between $19.13 and $19.50 during the session. Over the last one month and since start of this year, Ciena Corp.'s shares have lost 2.95% and 18.76%, respectively. However, the stock has gained 2.59% in the previous three trading sessions. The stock is trading below its 50-day and 200-day moving averages Moreover, the stock's 200-day moving average of $22.91 is above its 50-day moving average of $21.00. Additionally, the stock has an RSI of 44.47. Sign up today to read free research on CIEN at:
Shares in Polycom Inc. finished the Wednesday's session 1.06% higher at $12.35. A total of 1.33 million shares were traded, which was below its three months average volume of 1.88 million shares. The stock moved between $12.20 and $12.46 during the session. Although, Polycom Inc.'s shares have lost 5.36% in the last one month, it has advanced 1.65% in the previous three trading sessions and 9.97% on YTD basis. Shares of the company traded at a PE ratio of 69.56. The company's shares are trading above their 200-day moving average of $11.57, while the 200-day moving average is below Polycom Inc.'s 50-day moving average of $12.87. Polycom Inc.'s stock has a RSI of 40.70. Sign up today to read free research on PLCM at:
On Wednesday, shares in Harmonic Inc. traded between $7.18 and $7.34 before ending the session 0.14% lower at $7.26. Harmonic Inc.'s stock reported a trading volume of 0.70 million shares, close to its three months average volume of 0.62 million shares. The company's shares have surged 7.08% in the last one month and 11.18% in the previous three months. However, from the beginning of 2014, the stock has declined 1.63%. The stock is trading above its 50-day and 200-day moving averages of $6.92 and $7.17, respectively. Further, shares of the company traded at a PE ratio of 27.65 and have an RSI of 57.34. Sign up today to read free research on HLIT at:
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