StockCall.com Provides Stock Research on NetApp Inc., Brocade Communications Systems Inc., Fusion-io Inc., Quantum Corp., and Emulex Corp.
New York City, New York -- (May 08, 2013)
Markets remained buoyant in Tuesday’s trading session as major indices created new highs. The technology sector also followed the broad trend and benchmark index NASDAQ closed 0.11 percent higher. Our research team tracked major technological stocks such as NetApp Inc. (NASDAQ: NTAP), Brocade Communications Systems Inc. (NASDAQ: BRCD), Fusion-IO Inc. (NYSE: FIO), Quantum Corp (NYSE: QTM) and Emulex Corporation (NYSE: ELX). StockCall has posted free technicalresearch on NTAP, BRCD, FIO, QTM, and ELX which can be downloaded upon sign up at
NetApp Inc.’s stock is up 8.35 percent on a YTD basis thanks to a 0.20 percent gain in the previous trading session. The stock closed at $35.56 after trading in the range of $35.19 and $35.75. The stock shows a neutral streak and may touch the $35.81 level. Its second resistance level is at $36.56. It traded 6.01 million shares during the session, down from its average trading volume of 7.95 million. NetApp lost 7.44 percent of its value in the past 52 weeks but has shown some recovery thus far in 2013. It is currently trading above its short-term moving average price of $34.58. Sign up and read the complimentary report on NTAP at
www.StockCall.com/NTAP050813.pdf
In-line with the upward trend shown by broad market indices, Brocade Communications Systems Inc.’s stock finished 2.08 percent higher at $5.41, with volume up from daily average of 6.88 million to 14.59 million. The stock is up thus far this year with a year-to-date gain of 2.46 percent. However, the stock currently shows a neutral trend which is further confirmed by its MACD chart. Brocade Communications has its first support level at $5.40. The free report on BRCD can be downloaded by signing up now at
www.StockCall.com/BRCD050813.pdf
Fusion-IO Inc. traded in the range of $17.44 and $18.26 in its latest trading session and ended the day at $18.00, down 1.42 percent. The stock’s 52 weeks range stands at $13.98 and $32.63. Fusion-IO has lost 21.57 percent of its value in the past 12 months, while it lost 18.33 percent on a YTD basis. The stock is in a neutral mode and may find its first support level at $17.83. It is trading above its 20-day moving average of $16.67. Free report on FIO can be accessed by registering at
www.StockCall.com/FIO050813.pdf
Quantum Corp closed Tuesday’ trading session with a steep downward movement, accompanied with below average volume. The stock ended at $1.43, down 2.05 percent from its previous close. It traded in the range of $1.39 and $1.48 during yesterday’s session. Quantum is highly volatile as it commands beta of 3.28. The company’s current market capitalization stands at $344.58 million. The stock has gained 15.32 percent on a YTD basis, while its 52 weeks loss stands at 36.16 percent.Register withStockCall and download the research on QTM for free at
www.StockCall.com/QTM050813.pdf
Emulex Corporation slipped marginally with above average volume to end its latest session at $6.29. The stock ended 0.16 percent lower than its previous close. Its volume for the day stood at 973,951 shares. The stock is currently trading lower than its 20-day SMA and 50-day SMA of $6.31, showing a neutral trend. Its first resistance level is at $6.36 while it may tumble down to $6.16 before receiving any support. The company’s stock is down 11.28 percent on a YTD basis. Read the full free research on ELX by signing up to StockCall at
www.StockCall.com/ELX050813.pdf
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