LONDON, December 23, 2013 /PRNewswire/ --
On Friday, December 20, 2013, the U.S. equity market finished the week on a positive note. The S&P 500 ended the day at 1,818.32, up 0.48%; the Dow Jones Industrial Average closed at 16,221.14, up 0.26%; and the NASDAQ Composite Index finished at 4,104.74, up 1.15%. The S&P 500 Information Technology Sector gained 0.83% to close the session at 571.80; and the S&P 500 Communications Equipment Industry Index gained 0.52% to finish at 258.60. The S&P 500 Communications Equipment Industry Index has gained 0.66% in the previous three trading sessions, underperforming the S&P 500, which has gained 2.10% during the same period. Additionally, the S&P 500 Computers and Peripherals Industry Index closed the session 0.87% higher at 1025.11. The major movers in the information technology sector included Brocade Communications Systems Inc. (NASDAQ: BRCD), Fusion-io Inc. (NYSE: FIO), Emulex Corp. (NYSE: ELX), and Quantum Corp. (NYSE: QTM). AAAResearchReports.com has completed their technical analysis on BRCD, FIO, ELX, and QTM and these free reports are accessible by registering at:
http://www.aaaresearchreports.com/register/
Brocade Communications Systems Inc.'s stock closed the day at $8.61, up 0.70% from the previous day's closing price of $8.55. On Friday, the company's shares vacillated between $8.50 and $8.67 during the trading session. A total of 8.03 million shares were traded, which is above the daily average volume of 5.99 million. The company's shares have advanced 5.64% in the previous three months, underperforming the S&P 500, which has gained 6.84% during the same period. However, Brocade Communications Systems Inc.'s stock is trading above its 50-day and 200-day moving averages of $8.33 and $6.90, respectively. Sign up for free technical research on BRCD at:
www.AAAResearchReports.com/BRCD122313.pdf
Fusion-io Inc.'s stock edged 0.58% higher on Friday, tracking gains in the US equity market. The company's shares ended the day at $8.71, after oscillating between $8.59 and $8.81 during the trading session. A total of 3.28 million shares were traded, which is below the daily average volume 3.30 million. Despite Friday's gains, the company's shares have declined 0.68% in the previous three trading sessions, underperforming the S&P 500, which has gained 2.10% during the same period. Further, Fusion-io Inc.'s stock is trading below its 50-day and 200-day moving averages of $10.59 and $13.40, respectively. Be sure to read our latest technical research on FIO by registering at:
www.AAAResearchReports.com/FIO122313.pdf
Shares in Emulex Corp. advanced 1.03% on Friday, finishing the day's session at $6.88, after fluctuating between $6.79 and $6.96 during the trading session. A total of 2.42 million shares were traded, which is above the daily average volume of 1.22 million. However, the company's shares have lost 1.43% in the previous three trading sessions, compared to a gain of 2.10% in the S&P 500 during the same period. Moreover, Emulex Corp.'s stock is trading below its 50-day and 200-day moving averages of $7.44 and $7.13, respectively. Sign up and read the complimentary report on ELX at:
www.AAAResearchReports.com/ELX122313.pdf
Quantum Corp.'s stock finished flat on Friday, closing the day at the previous day's closing price of $1.21, after oscillating between $1.18 and $1.21 during the trading session. A total of 2.03 million shares were traded, which is above the daily average volume of 1.74 million. The company's shares have gained 1.68% in the previous three trading sessions, underperforming the S&P 500, which has gained 2.10% during the same period. Furthermore, Quantum Corp.'s stock is trading below its 50-day and 200-day moving averages of $1.26 and 1.40, respectively. The free report on QTM can be downloaded by signing up now at:
www.AAAResearchReports.com/QTM122313.pdf
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SOURCE AAA Research Reports
