Ebix, Inc. (EBIX) showed up this weekend as a new addition to our Trend Leaders list. It earned this distinction by registering bullish indications via MACD and DMI analysis. Here is the chart:
The chart shows that the stock has been in a down…
Last night I published the Thursday Swing Trading Signals and there was an interesting mid-cap tech company on the list. The company is Synopsys (SNPS).
Why do I question whether it can rise from the dead? Take a look at this chart:
You can see tha…
Thursday’s TradeRadar Trend Busters had some BUY signals on a number of tech stocks. Among them was Open Text (OTEX). Looking at daily data, the stock has been surging, bouncing off its 200-day moving average and moving above its 50-day moving average….
Major market averages fell roughly 2.5% Friday but not everything went down. OPNET Technologies (OPNT) gained 4.7% today in the face of relentless selling in most other stocks. What gives?Background –OPNET Technologies, Inc. provides software products…
I often write about tech stocks on this blog. Today I read an interview with one of the most well-known managers of a technology mutual fund.The Wall Street Journal had a conversation with Paul Wick, manager of the Seligman Communications and Informati…
Oracle released earnings after the close today. The stock immediately fell several percent after hours. Was the sell-off justified?The company indicated that profit rose 4% which was in line with analyst estimates. The top line, however, was a source o…
Microsoft (MSFT) reported a decline in revenue in the most recent quarter. Is that a bad omen for the whole tech sector?First, a quick look at the numbers. For the fourth quarter, Microsoft reported net income of $3.05 billion, or 34 cents a share, on …
It almost looks like a bidding war for Data Domain (DDUP). First a bid from NetApp (NTAP), then a bid from EMC and now a revised bid from NetApp.First, what does Data Domain do?Here is summary of the profile from Yahoo Finance: “Data Domain, Inc. provi…
Lately I have parsing the Durable Goods reports (read latest post) to more precisely identify what is going on with technology hardware manufacturing.Today Goldman Sachs released a report that focuses on the other big part of the hi-tech picture: softw…