Technical Briefing on Autodesk, Sina, Mentor Graphics, VirnetX, and Parametric
LONDON, March 13, 2013
LONDON, March 13, 2013 /PRNewswire/ --
Markets saw a mild pullback after the past sessions of continuous upward
movement on Tuesday. The Technology sector also corrected marginally with
NASDAQ closing lower at 3,242.32, down 0.32 percent. S&P finished 0.24 percent
down at 1,552.48, while The Dow Jones remained in green territory with a 0.02
percent gain to close at 14,450.06. Our research team took a look at
Technology sector in general and selected the following major companies like
Autodesk Inc. (NASDAQ: ADSK), Sina Corp. (NASDAQ: SINA), Mentor Graphics Corp.
(NASDAQ: MENT), VirnetX Holding Corp. (NYSE: VHC) and PTC Inc. (NASDAQ: PMTC).
StockCall has posted free technical research reports on ADSK, SINA, MENT, VHC,
and PMTC and these can be accessed by signing up at
Autodesk Inc. traded in the range of $39.72 and $40.44 in its latest trading
session and ended Tuesday at $40.30, down 0.15 percent. The stock's 52 weeks
range stands at $27.70 and $42.69. Autodesk has gained 9.48 percent of its
value in the past 12 months, while it is up 15.18 percent so far this year.
The company is in a bullish mode and may find its first support level at $40.
It is trading above its 20-day moving average of $38.56. Download the free
report on ADSK upon registration at
Sina Corp.'s stock is in a neutral mode and is trading below its 20-day SMA of
$48.48. It ended yesterday's trading session 2.79 percent down at $48.41, and
it oscillated in the range of $48.25 and $4978 during Tuesday's session. The
stock trades at Price/Earnings ratio of 83.47. Sina is expected to face its
first resistance level at $49.50. The stock traded in the range of $41.14 and
$80.80 in the past 52-week period. SINA technical report can be accessed for
free by signing up at
With a mild upward move in its previous trading session, Mentor Graphics Corp.
is still bullish with a jump of 2.68 percent for the year. It has gained 13.85
percent in the past 52 weeks. The stock closed 0.17 percent higher at $17.26
on volume of 403,000 shares. Its average trading volume stands at 992,000
shares. The company's shares currently face resistance at around $17.53. The
stock has support at around $17.04. It is currently trading above its 20-day
and 50-day moving averages, which is a bullish signal. Free report on MENT can
be accessed by registering at
VirnetX Holding Corp.'s stock closed at $35.39, 5.86 percent up. The stock
traded in the range of $32.87 and $35.75 during the session and is currently
below it 20-day moving average price of $35.45. VirnetX gained 20.54 percent
so far in 2013. Its beta is 1.69. The company's stock is in a bullish phase
and its first resistance level is at $35.93. On the downside, its first
support is at $34.56. Upon breaching this level, its second support level is
at $32.79. Register with StockCall and download the research on VHC for free
PTC Inc. traded in the range of $25.50 and $25.91 during its previous trading
session. It opened at $25.72 and closed at $25.89, up 0.23 percent yesterday.
The stock is currently in a bullish mode and has its first resistance level at
$26.05. Upon breaching this level, the company may go as high as $26.30. It
traded 954,000 shares and is above its 20-day moving average price. Read the
full free research on PMTC by signing up to StockCall at
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