Today's Technical View on Automatic Data Processing, Citrix Systems, TIBCO Software, and Cognizant Technology Solutions

  Today's Technical View on Automatic Data Processing, Citrix Systems, TIBCO
                 Software, and Cognizant Technology Solutions

PR Newswire

LONDON, March 19, 2013

LONDON, March 19, 2013 /PRNewswire/ --

The technology sector followed the broader market sentiments and traded lower
on Monday. The benchmark index NASDAQ closed 0.35 percent lower at 3,237.59.
International concerns such as the Cyprus financial crisis took a toll on the
markets which were already ripe for a pullback, owing to their steep rise in
the recent weeks. Technology stocks are expected to maintain overall bullish
stance but may remain a little depressed in the short-term. Our researchers
tracked the movements of major companies like Automatic Data Processing
(NASDAQ: ADP), Citrix Systems Inc. (NASDAQ:CTXS), Tibco Software Inc. (NASDAQ:
TIBX) and Cognizant Technology Solutions Corp (NASDAQ: CTSH). StockCall
initiated free in-depth technical analysis on ADP, CTXS, TIBX, and CTSH which
are currently available upon sign up at

Automatic Data Processing clipped its 52 weeks gains to 16.55 percent by
closing yesterday's trading session 0.40 percent lower. The stock closed at
$64.22, with trading volume of 1.64 million shares. It is up 14.01 percent on
a YTD basis. The company is currently in a neutral mode and is expected to go
up to $64.85 in the coming sessions. Its next resistance level is at $65.09.
On the downside, it is expected to face its first support level at $63.31.
Automatic Data Processing traded in the range of $50.89 and $65.05 in the past
52 weeks. Sign up for the free technical analysis on ADP at 

Citrix Systems Inc. made a downward movement in its latest session. The
company's stock ended at $72.19, down 2.17 percent and its highest price point
for the session stood at $73.17. In the past 12 months, the stock has declined
7.69 percent while its YTD gain stands at 12.27 percent. The tech company
trades at beta of 1.33, which implies high volatility. It traded 2.06 million
shares during Monday's session, in comparison to its regular daily volume of
1.70 million shares. The company commands market capitalization of $13.46
billion. Download the free report on CTXS by registering at 

Tibco Software Inc. closed its Monday's trading session at $23.66, down 1.40
percent from its previous close. The stock shows a neutral trend as it trades
below its long-term moving average price of $23.69. It is likely to face a
pullback in the coming trading sessions and may find support at $22.68. Upon
breaching this level, it may go down to $21.84 level. Tibco traded 1.52
million shares during the session, and the stock oscillated in the range of
$18.95 and $34.67. It has declined 22.48 percent in the past 52 weeks. The
free report on TIBX can be downloaded by signing up now at 

Cognizant Technology Solutions Corp. traded in the range of $77.11 and $78.29
in Monday's trading session. Its volume stood at 1.36 million shares, down
from its average daily volume of 1.86 million. Cognizant Technology closed the
session at $77.61, down 0.96 percent. The stock is currently trading below its
short-term moving average price of $77.66, showing a neutral trend. In the
coming sessions, the company is expected to go as high as $78.79, while its
first support level is at $76.78. The stock trades at Price/Earnings ratio of
22.56, in-line with its industrial average. It has appreciated 7.33 percent on
a YTD basis. Free report on CTSH can be accessed by registering at 

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