LONDON, April 17, 2013 /PRNewswire/ --
The second day of the current trading week saw equities snapping their bearish trend. On the back of solid corporate earnings, the markets staged a comeback and major indices closed higher. Our research team followed the Technology sector, selecting Business Software & Services stocks such as Tibco Software Inc. (NASDAQ: TIBX), Citrix Systems Inc. (NASDAQ: CTXS), Cognizant Technology Solutions Corp (NASDAQ: CTSH), Automatic Data Processing (NASDAQ: ADP) and Iron Mountain Incorporated (NYSE: IRM). StockCall initiated free in-depth technical analysis on TIBX, CTXS, CTSH, ADP, and IRM which are currently available upon sign up at
http://www.stockcall.com/research
Tibco Software Inc. trimmed its 52 weeks losses to 40.56 percent by closing its Tuesday's trading session 1.54 percent higher. The stock closed at $19.80, with trading volume of 2.48 million shares. It is down 8.67 percent on a YTD basis. Tibco is currently in a bearish mode and is expected to go up to $20.09 in the coming trading sessions. Its next resistance level is at $21.16. On the downside, it is expected to face its first support level at $19.77. The stock traded in the range of $18.85 and $34.67 in the past 52 weeks. It shows volatility with its beta of 1.36. The company's stock current market capitalization stands at $3.24 billion. Sign up for the free technical analysis on TIBX at
http://www.StockCall.com/TIBX041713.pdf
Citrix Systems Inc. is currently trading above its 20-day and 50-day moving average price and is in a neutral mode. It also ended its latest session 3.10 percent higher at $71.10, further confirming the trend. Citrix's stock saw volume of 2.47 million shares at the end of yesterday's session. The stock has underperformed the broader markets and has gained 10.58 percent so far this year. However, it is likely to go up to $73.52 in the coming trading sessions. Its second resistance level is at $75.25. It commands market capitalization of $13.25 billion. Download the free report on CTXS by registering at
http://www.StockCall.com/CTXS041713.pdf
Cognizant Technology Solutions Corp. closed Tuesday' trading session with a mild downward movement, accompanied with above average volume. The stock ended at $72.63, down 0.59 percent from its previous close. It traded in the range of $72.59 and $74.20 during yesterday's session. Cognizant is mildly volatile as it commands beta of 1.13. The company's current market capitalization stands at $21.92 billion. The stock has grown 0.44 percent on a YTD basis, while its 52 weeks loss stands at 1.59 percent. The free report on CTSH can be downloaded by signing up now at
http://www.StockCall.com/CTSH041713.pdf
Automatic Data Processing is trading above its long-term moving average price, indicating a bullish trend. It also closed its latest trading session at $65.41, up 1.47 percent. The stock made an upward movement with below average volume of 1.54 million shares. ADP trades at beta of 0.67, making the stock a neutral proposition. However, the stock provided good return to its shareholders as it appreciated 16.12 percent this year. The company's stock also gained 20.04 percent in the past 52 weeks. Free report on ADP can be accessed by registering at
http://www.StockCall.com/ADP041713.pdf
Iron Mountain Incorporated extended its 52 weeks gain by closing 1.99 percent higher. The stock ended Tuesday session at $36.97, which is also its highest price point for the session. It traded 840,727 shares, down from its average daily volume of 983,920 shares. Iron Mountain traded in the range of $27.10 and $37.83 in the past 52 weeks, and currently it is trading near its high price point. The company commands market capitalization of $7.03 billion, and it reported its latest EPS at $1.04. The company's stock is up more than 24 percent in the past 52 weeks. Register with StockCall and download the research on IRM for free at
http://www.StockCall.com/IRM041713.pdf
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