Mixed earnings reports caused the S&P 500 Index to fall from its record-highs. The S&P 500 Index fell 0.47 percent to close at $1,746.38. The index had gained roughly 6.0 percent in the past two weeks as lawmakers reached a deal to end the 16-day partial government shutdown and as concerns of the Federal Reserve curbing stimulus measures have eased. Data from the S&P Capital IQ has shown that approximately 60.0 percent of the companies that have reported earnings so far have exceeded analysts’ expectations.
Akamai Technologies, Inc. (NASDAQ: AKAM) shares traded in the range of $51.75 to $52.81 Wednesday before settling to close at $51.87, a decrease of 2.85 percent. The stock appears to be facing some resistance at the $51.89 and $52.90 levels with some support at $50.73. Shares of Akamai Technologies have fallen approximately 6.0 percent in 2013.
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Citrix Systems, Inc. (NASDAQ: CTXS) shares traded in the range of $55.42 to $57.01 Wednesday before settling to close at $56.07, a decrease of 1.04 percent. The stock appears to be facing some resistance at the $57.03, $58.93 and $62.62 levels. Shares of Citrix Systems have fallen approximately 15.0 percent in 2013.
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E TRADE Financial Corporation (NASDAQ: ETFC) shares traded in the range of $17.20 to $17.55 Wednesday before settling to close at $17.34, a decrease of 0.57 percent. The stock appears to be facing some resistance at the $17.43 and $18.05 levels with some support at $17.09. Shares of E TRADE Financial have gained approximately 94.0 percent in 2013.
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Motorola Solutions Inc. (NYSE: MSI) shares traded in the range of $60.68 to $66.39 Wednesday before settling to close at $62.40, an increase of 3.26 percent. The stock appears to have some support at the $61.07, $60.38 and $59.99 levels. Shares of Motorola Solutions have gained approximately 12.0 percent in 2013.
More information on Motorola Solutions and access to the free equity report can be found at:
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