Pre-Market Analysis on Akamai Technologies, Yandex, IAC/InterActive, and Renren

   Pre-Market Analysis on Akamai Technologies, Yandex, IAC/InterActive, and

PR Newswire

LONDON, April 2, 2013

LONDON, April 2, 2013 /PRNewswire/ --

Economic growth indicators suggest temporary slowdown in the U.S. economic
momentum. Weaker-than-expected manufacturing data put a restraint on stock
markets and major indices concluded the first trading day of second quarter in
the red zone. Markets showed across the board weakness and technology sector
also remained under pressure. However, the trading volumes were thin,
indicating that the secular bull trend is still intact. Our research team took
a look at the technology sector and covered major companies like Akamai
Technologies Inc. (NASDAQ: AKAM), Yandex NV (NASDAQ: YNDX), IAC/InterActive
Corp (NASDAQ: IACI) and Renren Inc. (NYSE: RENN) which trades under the
Internet Information Providers industry. StockCall has posted free technical
research on AKAM, YNDX, IACI, and RENN which can be downloaded upon sign up at

Akamai Technologies Inc.'s stock extended its YTD losses with 1.19 percent
decline in its Monday's trading session. The stock traded in the range of
$34.81 and $35.41 and closed at $34.90. However, it traded lower than average
number of shares at 1.95 million. The stock is in a bearish mode and is likely
to maintain the trend in the coming sessions. Its first resistance level is at
$35.31 and it may test the support level of $34.44 in the coming trading
sessions. Akamai Technologies Inc. commands market capitalization of $6.21
billion. Sign up and read the complimentary report on AKAM at

Yandex NV traded in the range of $22.73 and $23.36 in its latest trading
session and ended it at $22.86, down 1.21 percent. The stock's 52 weeks range
stands at $16.65 and $28.14. The company has lost 14.92 percent of its value
in the past 12 months, while it gained 5.1 percent on YTD basis. It is in a
bearish mode and may find its first support level at $22.57. Upon breaching
this level, the stock may go down to $22.32. It is trading below its 20-day
moving average of $23.49. The free report on YNDX can be downloaded by signing
up now at

In-line with the downward trend shown by broad market indices, IAC/InterActive
Corp.'s stock finished 1.73 percent lower at $43.90, with volume down from
daily average of 1.28 million to 1.09 million. The stock is down so far in
2013 with its year-to-date loss at 5.04 percent. However, the stock currently
shows a neutral trend which is further confirmed by its MACD chart.
IAC/InterActive has its first support level at $43.20. Upon breaching this
level, the stock may go down to $40.60. It traded in the range of $38.20 and
$55.57 in the past 52 weeks. Free report on IACI can be accessed by
registering at

Renren Inc. traded in the range of $2.74 and $2.93 in Monday's trading
session. Its volume stood at 1.82 million shares, up from its average daily
volume of 1.44 million. Renren closed the session at $2.76, down 4.50 percent.
The stock is currently trading in-line with its short-term moving average
price of $2.76. In the coming sessions, the internet company is expected to go
as high as $2.93, while its first support level is at $2.56. The stock has
lost 16.36 percent of its value on a YTD basis, while its 12 months loss
stands at 50 percent. The company commands $362.25 million in market
capitalization. Register with StockCall and download the research on RENN for
free at

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