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Information Technology Stocks Pre-Market Notes: Vringo, Cadence Design Systems, Adobe Systems, and Nuance Communications

Editor Note: For more information about this release, please scroll to bottom.

LONDON, March 14, 2014 /PRNewswire/ --

On Thursday, March 13, 2014, the NASDAQ Composite ended at 4,260.42, down 1.46%, the Dow Jones Industrial Average fell 1.41% to 16,108.89, and the S&P 500 closed at 1,846.34, down 1.17%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Information Technology Sector Index finished the day at 588.16, down 1.56%, while the same has gained 5.71% in the previous three months. Investor-Edge.com has initiated coverage on the following equities: Vringo Inc. (NASDAQ: VRNG), Cadence Design Systems Inc. (NASDAQ: CDNS), Adobe Systems Inc. (NASDAQ: ADBE), and Nuance Communications Inc. (NASDAQ: NUAN). Free research on these four companies can be accessed at:  

http://investor-edge.com/register

Vringo Inc.'s stock closed at $3.59 on Thursday, which is 2.71% lower than the previous day's closing price of $3.69. A total of 1.45 million shares were traded, which is below the three months average volumes of 3.27 million. The company's shares oscillated between $3.54 and $3.75 during the trading session. Vringo Inc.'s shares have rallied 18.87% in the previous three months and 21.28% on YTD basis. The stock is trading above its 200-day moving average. The company's 50-day moving average of $3.78 is above the 200-day moving average of $3.22. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 37.79. Sign up and read the free notes on VRNG at:

http://www.Investor-Edge.com/03142014/VRNG/report.pdf

Shares in Cadence Design Systems Inc. witnessed trading of 2.34 million shares on Thursday, as compared with a three month average volume of 3.10 million shares. The stock ended the day at $15.38, down 0.90% and at an intraday trading range of $15.24 and $15.58 during the session. The stock traded at a PE ratio of 27.38. Shares in Cadence Design Systems Inc. have advanced 5.56% in the last one month, 13.51% in the previous three months and 9.70% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The company's 50-day moving average of $14.61 is above the 200-day moving average of $14.17. Additionally, shares of the company are trading at the Relative Strength Index (RSI) of 62.49. The complimentary notes on CDNS can be downloaded as in PDF format at:

http://www.Investor-Edge.com/03142014/CDNS/report.pdf

On Thursday, Adobe Systems Inc.'s stock declined 1.44% finishing the session at $67.08. The stock recorded a trading volume of 2.87 million shares as compared to a three months average volume of 3.78 million shares. The company's shares fluctuated between $66.63 and $68.83 during the session. Adobe Systems Inc.'s shares have gained 0.06% in the last one month and 10.17% in the previous three months and 12.03% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. Adobe Systems Inc.'s 50-day moving average of $63.35 is above the 200-day moving average of $53.46. Moreover, shares of the company are trading at a PE ratio of 115.23 and at the Relative Strength Index (RSI) of 58.82. Register for free on Investor-Edge and access the latest research on ADBE at:

 http://www.Investor-Edge.com/03142014/ADBE/report.pdf

Shares in Nuance Communications Inc. recorded a trading volume of 3.99 million shares, as compared with a three month average volume of 4.85 million shares. The stock ended Thursday's session at $14.95, down 3.11% after vacillating between $14.92 and $15.50. Shares in Nuance Communications Inc. have gained 0.40% in the last one month, 5.06% in the previous three months, while the same has declined 1.64% on YTD basis. The company's shares are trading below its 50-day and 200-day moving averages. Nuance Communications Inc.'s 200-day moving average of $17.11 is above the 50-day moving average of $15.24. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 53.90. The complete research on NUAN is available for free at:

http://www.Investor-Edge.com/03142014/NUAN/report.pdf

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EDITOR NOTES:

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  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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