Technical Briefing on Autodesk, Sina, Velti, and VirnetX PR Newswire LONDON, April 11, 2013 LONDON, April 11, 2013 /PRNewswire/ -- Markets showed across the board bullish sentiments and the major indices closed higher. The technology sector also registered good gains and its benchmark index NASDAQ closed 1.83 percent higher at 3,297.25. The sector received a positive fillip from encouraging quarterly results posted by the companies such as Adtran Inc. Our research team followed major companies like Autodesk Inc. (NASDAQ: ADSK), SINA Corporation (NASDAQ: SINA), Velti Plc (NASDAQ: VELT) and VirnetX Holding Corp. (AMEX: VHC). StockCall has posted free technical research reports on ADSK, SINA, VELT, and VHC and these can be accessed by signing up at http://www.stockcall.com/analysis Autodesk Inc. closed its latest trading session at $39.65, up 3.08 percent from its previous close. The stock traded in the range of $38.46 and $39.87 in the session and traded 1.988 million shares. It is likely to face its first resistance level at $41.39 and upon breaching this level the stock may go up to $42.74. On the downside, Autodesk may tumble to $39.15 level. The stock is highly volatile as it sports the beta of 2.06. So far in 2013, it gained 13.32 percent whereas in the past 52 weeks, it lost 4.32 percent of its value. The stock is in a bullish mode as it is trading above its 50-day SMA of $39.17. Download the free report on ADSK upon registration at http://www.StockCall.com/ADSK041113.pdf SINA Corporation's stock is up 0.35 percent on a YTD basis, after registering 0.51 percent decline in Wednesday's trading session. The stock closed at $48.52 after trading in the range of $48.50 and $50.00. The stock shows a bearish streak and may touch $47.51 level. Its second support level is at $46.08. On the upside, the stock may go as high as $48.73. It traded 1.98 million shares during the session, up from its average trading volume of 1.86 million shares. SINA declined 21.5 percent in the past 52 weeks. It is currently trading below its short-term moving average price and long-term moving average price of $48.76 and $51.20 respectively, confirming its bearish trend. SINA technical report can be accessed for free by signing up at http://www.StockCall.com/SINA041113.pdf Velti Plc's stock is still in red territory for its YTD returns despite showing a 3.39 percent gain in Wednesday's trading session. The stock traded in the range of $1.88 and $2.05 and closed at $1.99. However, it traded lower-than-average number of shares at 1.76 million. The stock is in a neutral mode and is likely to maintain its trend in the coming sessions. Its first resistance level is at $2.55 and it may test a support level of $1.87 in the coming trading sessions. Upon breaching this level, it may tumble down to $1.43. Free report on VELT can be accessed by registering at http://www.StockCall.com/VELT041113.pdf VirnetX Holding Corp. traded in the range of $19.00 and $21.48 in its latest trading session and ended the day at $21.03, up 9.93 percent. The stock's 52 weeks range stands at $16.10 and $41.93. VirnetX has lost 11.79 percent of its value in the past 12 months, while it lost 28.37 percent on a YTD basis. The stock is in a neutral mode and may find its first support level at $16.33. It is trading below its 50-day moving average of $29.29. Register with StockCall and download the research on VHC for free at http://www.StockCall.com/VHC041113.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person: William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1(646)396-9857 (9:00 am EST – 01:30 pm EST)
Technical Briefing on Autodesk, Sina, Velti, and VirnetX
Press spacebar to pause and continue. Press esc to stop.