Pre-Market Analysis: Nuance Comm. Inc., Fortinet Inc., SAP AG, and Catamaran Corp.
by PR Newswire
LONDON , October 30, 2013 /PRNewswire/ -- The U.S. equity market edged higher on Tuesday, October 29, 2013 . The S&P 500 ended the day at 1,771.95, up 0.56%; the Dow Jones Industrial Average closed at 15,680.35, up 0.72%; and the NASDAQ Composite finished at 3,952.34, up 0.31%. Shares in the application software industry finished on a mixed note albeit the fact that the broader market posted gains. The major movers in the industry included Nuance Communications Inc. (NASDAQ: NUAN), Fortinet Inc. (NASDAQ: FTNT), SAP AG (NYSE: SAP), and Catamaran Corporation (NASDAQ: CTRX). All these companies are tracked by AAAResearchReports.com. Free technical research on NUAN, FTNT, SAP, and CTRX can be downloaded upon signing up at: http://www.aaaresearchreports.com/register/ Nuance Communications Inc.'s stock declined 1.16% on Tuesday, even as the broader market finished on a positive note. The company's shares ended the day at $16.04 after fluctuating between $15.87 and $16.34 during the trading session. A total of 7.55 million shares were traded, which is above the daily average volume of 4.47 million. Nuance Communications Inc.'s shares have declined 1.47% in the previous three trading sessions, compared to a gain of 1.13% in the S&P 500 during the same period. Further, the company's stock is trading below its 50-day and 200-day moving averages of $18.56 and $19.55 , respectively. Sign up and read the complimentary report on NUAN at: http://www.AAAResearchReports.com/NUAN103013.pdf Shares in Fortinet Inc. finished the day 0.30% higher at $20.14 after fluctuating between $19.86 and $20.29 during Tuesday's trading session. A total of 1.30 million shares were traded, which is below the daily average volume of 2.00 million. The company's shares have lost 1.13% in the previous three months, underperforming the S&P 500, which has advanced 5.14% during the same period. However, Fortinet Inc.'s stock is trading below its 50-day and 200-day moving averages of $20.50 and $20.47 , respectively. The free report on FTNT can be downloaded by signing up now at: http://www.AAAResearchReports.com/FTNT103013.pdf On Tuesday, SAP AG's shares edged lower, ending the day at $79.09 , which is 0.88% lower than the previous day's closing price of $79.79 . The company's shares fluctuated between $79.09 and $79.90 during the trading session. A total of 0.74 million shares were traded, which is below the daily average volume of 1.16 million. SAP AG's shares have advanced 6.36% in the previous one month and 8.31% in the last three months, outperforming the S&P 500, which has gained 4.74% and 5.14% during the respective periods. Moreover, the company's stock is trading above its 50-day and 200-day moving averages of $74.25 and $76.94 , respectively. A free report on SAP can be accessed by registering at: http://www.AAAResearchReports.com/SAP103013.pdf Shares in Catamaran Corp. advanced 0.40% on Tuesday, tracking gains in the broader market. The company's shares fluctuated between $49.50 and $50 .51 before ending the day at $49.85. A total of 1.49 million shares were traded, which is below the daily average volume of 1.58 million. The company's shares have gained 4.93% in the previous one month, outperforming the S&P 500, which has gained 4.74% during the same period. Despite Tuesday's gains, Catamaran Corp.'s stock is trading below its 50-day and 200-day moving averages of $51.21 and $52.26 , respectively. Register with AAA Research Reports and download research on CTRX for free at: http://www.AAAResearchReports.com/CTRX103013.pdf EDITOR NOTES: This is not company news. We are an independent source and our views do not reflect the companies mentioned. 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