StockCall Scrutinizes Nuance Comm., SAP AG, Fortinet, and Catamaran
LONDON, April 17, 2013
LONDON, April 17, 2013 /PRNewswire/ --
Sturdy earnings season is expected to provide markets with a positive fillip.
On Tuesday, markets were showing a strong trend as major indices closed in the
green. The Dow Jones Index was 1.08 percent higher while S&P 500 closed up
1.43 percent. The technology sector also showed some good movement despite its
benchmark index NASDAQ closing flat. Our research team tracked this sector and
followed major companies in the Application Software industry like Nuance
Communications Inc. (NASDAQ: NUAN), SAP AG (NYSE: SAP), Fortinet Inc. (NASDAQ:
FTNT) and Catamaran Corp. (NASDAQ: CTRX). StockCall reviewed the Application
Software industry and chose NUAN, SAP, FTNT, and CTRX for its technical
coverage. These free reports can be seen for free at
In-line with the upward trend shown by broad market indices, Nuance
Communications' stock finished 1.44 percent higher at $21.12, with volume down
from daily average of 5.04 million to 3.96 million. The stock is down so far
in 2013 with its year-to-date loss at 3.43 percent. However, the stock
currently shows a neutral trend which is further confirmed by its MACD chart.
Nuance has its first support level at $20.87 while its second support level
stands at $20.60. The company commands market capitalization of $6.68 billion,
and its stock is highly volatile with the beta of 1.49. Download the free
research on NUAN by signing up now at
SAP AG traded in the range of $77.94 and $78.96 in its latest trading session.
Its volume stood at 1.18 million shares, down from its average daily volume of
1.25 million. SAP finished the session at $78.87, up 3.17 percent yesterday.
The stock is currently trading above its short-term moving average price of
$78.77, showing a bullish trend. In the coming sessions, the company is
expected to go as high as $80.06, while its first support level is at $78.54.
The stock trades at beta of 1.26, making it a mildly volatile stock to own. It
has declined 0.65 percent on a YTD basis while its 52 weeks gain stands at
20.56 percent. Register for today's free analysis on SAP at
Fortinet Inc. closed its Tuesday's trading session at $18.13, up 0.33 percent
from its previous close. The stock shows a neutral trend but currently is in
oversold territory with Relative Strength Index of 19.54. It is likely to go
up in the coming trading sessions and may find resistance at $18.79. Upon
breaching this level, it may go up to $19.09 level. Fortinet traded 3.87
million shares during yesterday's session, and the stock oscillated in the
range of $17.90 and $18.45. It has declined 34.07 percent in the past 52 weeks
and remained in $17.53 and $28.23 range in the same time period. Free report
on FTNT can be accessed by registering at
Catamaran Corp. made an upward movement with 1.47 percent gain in its latest
trading session. The company's stock ended at $54.48 and its highest price
point for the session stood at $54.91. Its lowest price point for the session
was at $53.10. In the past 12 months, the stock has gained 38.77 percent while
its YTD gain stands at 16.78 percent. Catamaran trades at beta of 0.53, which
implies very low volatility. It traded 1.08 million shares during Tuesday's
session, in comparison to its regular daily volume of 1.45 million shares.
Register with StockCall and download the research on CTRX for free at
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