StockCall.com Provides Stock Research on Nuance Communications Inc., Fortinet Inc., Catamaran Corp., and SAP AG
New York City, New York -- (May 21, 2013)
The fiscal cliff issue in the U.S. created a great deal of economic uncertainty, and forced businesses to scale back investments. As businesses lowered spending on technology amid the uncertainty, the application software industry faced significant challenges. The industry also struggled due to the crisis in the Eurozone, and a slowdown in China. However, since the start of this year, global economic environment has improved. This should boost business confidence. Technology spending could rebound in the next few quarters if businesses are confident about the state of the global economy. On Monday, shares of application software companies ended on a mixed note as the broad market struggled. Among the major movers were Nuance Communications Inc. (NASDAQ: NUAN), Fortinet Inc. (NASDAQ: FTNT), Catamaran Corp. (NASDAQ: CTRX), and SAP AG (NYSE: SAP). StockCall has released full comprehensive research on NUAN, FTNT, CTRX, and SAP and these free technical analyses can be downloaded by signing up at
www.stockcall.com/technicalanalysis
Shares of Nuance Communications Inc. edged higher on Monday; however, the gains were limited. The stock traded between $18.45 and $18.76 before finishing the day 0.54% higher at $18.72 on volume of 4.60 million. Nuance’s shares are currently trading close to their 52-week low of $18. The stock had seen a sharp pullback at the start of this month. Since then, it has seen a series of lows. However, the company’s shares seem to have bottomed out at around $18.40. The stock is still trading well below its 50-day and 200-day moving averages. Free technical analysis on NUAN available by signing up at
www.StockCall.com/NUAN052113.pdf
Shares of Fortinet Inc. rose sharply in yesterday’s trading session even as the broad market struggled. The stock closed 1.64% higher at $19.27 on volume of 2.30 million after touching an intraday high of $19.42. Fortinet’s shares have gained nearly 6% in the last three sessions which suggests that market sentiment is bullish on the stock. The stock has seen a series of highs over the past three sessions which further confirms the positive trend. Despite the recent gains, Fortinet’s shares are down more than 8.30% thus far in 2013. Register today and access the free research on FTNT at
www.StockCall.com/FTNT052113.pdf
Shares of Catamaran Corp. fell sharply on Monday, extending their losses from previous trading sessions. The stock closed 2.10% lower at $49.91 on above average volume of 1.46 million, taking its losses in the last three sessions to 6.25%. Despite the recent losses, Catamaran’s shares are still up nearly 6% so far in 2013. The stock has slipped below its 200-day moving average as a result of the recent losses. This is a bearish signal. The negative trend is further confirmed by the stock’s MACD chart. The free report on CTRX can be downloaded by signing up now at
www.StockCall.com/CTRX052113.pdf
Shares of SAP AG also struggled in trading yesterday. The stock traded between $79.65 and $80.77 before finishing the day 0.59% lower at $80.41 on above average volume of 1.71 million. SAP’s shares have fallen more than 2.10% thus far this year. The stock has seen a series of lows over the past week which is a bearish signal. Its MACD has crossed below the signal line which further confirms the negative trend. The company’s shares currently have support at around $80. Free report on SAP can be accessed by registering at
www.StockCall.com/SAP052113.pdf
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