StockCall.com Provides Stock Research on Glu Mobile Inc., ABB Ltd., Bruker Corp., and 8x8 Inc.
New York City, New York -- (May 21, 2013)
Equity markets struggled in Monday’s trading session as market participants remained on the sidelines after last week’s rally. Stocks also struggled amid concerns that the Federal Reserve might start winding up its bond buying program soon. All three benchmark indexes finished the day in the red, although the losses were marginal. Despite the pullback in the broad market, the technology sector managed to post gains on Monday. The sector closed more than 0.40% higher. Among the major movers in the technology sector were Glu Mobile Inc. (NASDAQ: GLUU), ABB Ltd. (NYSE: ABB), Bruker Corporation (NASDAQ: BRKR), and 8x8 Inc. (NASDAQ: EGHT). StockCall reviewed the Technology sector and chose GLUU, ABB, BRKR, and EGHT for its technical coverage. These free reports can be seen for free at
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Glu Mobile Inc.’s shares edged higher in Monday’s trading session, however, the gains were limited. The stock ended the day 0.36% higher at $2.78 on volume of 780,500. Shares of the company are currently trading below their 50-day and 200-day moving averages. However, the stock’s MACD has just crossed above the signal line which suggests that market sentiment has turned bullish on the stock. Year-to-date, shares of GLUU have gained nearly 22%, outperforming the broad market. Despite the gains, the stock is still trading nearly 52.90% below its 52-week high. Download the free research on GLUU by signing up now at
www.StockCall.com/GLUU052113.pdf
Shares of ABB Ltd. ended marginally higher in trading yesterday. The stock traded between $22.31 and $22.43 before finishing the day 0.09% higher at $22.34 on volume of 1.21 million. ABB’s shares are currently trading close to their 52-week high of $23.37. The stock is currently trading above its 50-day and 200-day moving averages. However, the stock’s MACD chart suggests that market sentiment has turned bearish recently. The negative trend is further confirmed by recent volume activity. Year-to-date, shares of ABB have gained nearly 11% as compared to a growth of more than 16.80% for the S&P 500. Register for today’s free analysis on ABB at
www.StockCall.com/ABB052113.pdf
Shares of Bruker Corporation struggled in Monday’s trading session. The stock closed 0.12% lower at $16.76 on above average volume of 1 million after trading between $16.52 and $16.90. Bruker’s shares have seen a sharp pullback in the last few weeks after failing to break through $19 resistance level. The stock is currently trading well below its 50-day moving average which is a bearish signal. The negative trend is further confirmed by the stock’s MACD chart. Year-to-date, shares of BRKR have gained nearly 10%, underperforming the S&P 500. Free report on BRKR can be accessed by registering at
www.StockCall.com/BRKR052113.pdf
Shares of 8x8 Inc. rose sharply yesterday even as the broad market struggled. The stock touched an intraday high of $7.59 before finishing the day 1.62% higher at $7.52 on volume of 441,900. Shares of EGHT are currently trading close to their 52-week high of $7.95. The stock is currently trading above their 50-day and 200-day moving averages which is a bullish signal. 8x8 Inc.’s shares currently face resistance at around $7.60. The stock has support at around $7.10. Year-to-date, the company’s shares have gained just 1.90%, underperforming the broad market.Register withStockCall and download the research on EGHT for free at
www.StockCall.com/EGHT052113.pdf
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