Today's Technical View on Automatic Data Processing, Citrix Systems, TIBCO Software, and Cognizant Technology Solutions
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130319:nPn3197542 LONDON, March 19, 2013 /PRNewswire/ -- The technology sector followed the broader market sentiments and traded lower on Monday. The benchmark index NASDAQ closed 0.35 percent lower at 3,237.59. International concerns such as the Cyprus financial crisis took a toll on the markets which were already ripe for a pullback, owing to their steep rise in the recent weeks. Technology stocks are expected to maintain overall bullish stance but may remain a little depressed in the short-term. Our researchers tracked the movements of major companies like Automatic Data Processing (NASDAQ: ADP), Citrix Systems Inc. (NASDAQ:CTXS), Tibco Software Inc. (NASDAQ: TIBX) and Cognizant Technology Solutions Corp (NASDAQ: CTSH). StockCall initiated free in-depth technical analysis on ADP, CTXS, TIBX, and CTSH which are currently available upon sign up at http://www.stockcall.com/research Automatic Data Processing clipped its 52 weeks gains to 16.55 percent by closing yesterday's trading session 0.40 percent lower. The stock closed at $64.22, with trading volume of 1.64 million shares. It is up 14.01 percent on a YTD basis. The company is currently in a neutral mode and is expected to go up to $64.85 in the coming sessions. Its next resistance level is at $65.09. On the downside, it is expected to face its first support level at $63.31. Automatic Data Processing traded in the range of $50.89 and $65.05 in the past 52 weeks. Sign up for the free technical analysis on ADP at http://www.StockCall.com/ADP031913.pdf Citrix Systems Inc. made a downward movement in its latest session. The company's stock ended at $72.19, down 2.17 percent and its highest price point for the session stood at $73.17. In the past 12 months, the stock has declined 7.69 percent while its YTD gain stands at 12.27 percent. The tech company trades at beta of 1.33, which implies high volatility. It traded 2.06 million shares during Monday's session, in comparison to its regular daily volume of 1.70 million shares. The company commands market capitalization of $13.46 billion. Download the free report on CTXS by registering at http://www.StockCall.com/CTXS031913.pdf Tibco Software Inc. closed its Monday's trading session at $23.66, down 1.40 percent from its previous close. The stock shows a neutral trend as it trades below its long-term moving average price of $23.69. It is likely to face a pullback in the coming trading sessions and may find support at $22.68. Upon breaching this level, it may go down to $21.84 level. Tibco traded 1.52 million shares during the session, and the stock oscillated in the range of $18.95 and $34.67. It has declined 22.48 percent in the past 52 weeks. The free report on TIBX can be downloaded by signing up now at http://www.StockCall.com/TIBX031913.pdf Cognizant Technology Solutions Corp. traded in the range of $77.11 and $78.29 in Monday's trading session. Its volume stood at 1.36 million shares, down from its average daily volume of 1.86 million. Cognizant Technology closed the session at $77.61, down 0.96 percent. The stock is currently trading below its short-term moving average price of $77.66, showing a neutral trend. In the coming sessions, the company is expected to go as high as $78.79, while its first support level is at $76.78. The stock trades at Price/Earnings ratio of 22.56, in-line with its industrial average. It has appreciated 7.33 percent on a YTD basis. Free report on CTSH can be accessed by registering at http://www.StockCall.com/CTSH031913.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com William T. Knight, Email: email@example.com, Contact Number: +1-646-396-9857 (9:00 am EST - 01:30 pm EST)