Technical Morning Blog Coverage on Application Software Companies

LONDON, UK / ACCESSWIRE / May 31, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Red Hat, OPOWER, Marketo, and Paycom Software.

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The Application Software segment has come a long way, and it should continue to impress for a long time. The intense competition in this space, however, is slowing down the performance of some equities. Let us see how this is affecting some of the big names in the industry. Register for free and access all our technical alerts by clicking below:

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Let us take a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Red Hat Inc. (NYSE: RHT)

North Carolina-based open source software solutions provider, Red Hat Inc.’s stock finished last Friday’s session 0.39% higher at $76.52 with a total volume of 525,943 shares traded. The Company’s shares have advanced 3.91% in the last month and 17.09% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.61% and 2.87%, respectively. Moreover, shares of Red Hat have a Relative Strength Index (RSI) of 63.92.

OPOWER Inc. (NYSE: OPWR)

Shares in Virginia-based OPOWER Inc., which provides cloud-based software to the utility sector in the U.S., ended Friday’s session at $10.28, which was a slight correction of 0.10%. A total volume of 331,968 shares was traded. The stock has advanced 31.63% in the last month and 24.30% in the previous three months. The Company’s shares are trading 22.95% above their 50-day moving average and 16.20% above their 200-day moving average. Moreover, OPOWER’s stock has an RSI of 78.93. On May 03rd, 2016, research firm Avondale downgraded the stock’s ratings from ‘Market Outperform’ to ‘Market Perform’.

Marketo Inc. (NASDAQ: MKTO)

Cloud-based engagement marketing software platform provider, Marketo Inc.’s stock surged 11.30%, closing the session at $32.20. A total volume of 3.82 million shares was traded, which was above their three months average volume of 616,530 shares. The Company’s shares have gained 52.46% in the last one month, 90.87% over the previous three months, and 12.16% since the start of this year. The stock is trading 43.60% above its 50-day moving average and 28.79% above its 200-day moving average. Additionally, shares of Marketo have an RSI of 83.37. On May 05th, 2016, research firm BofA/Merrill upgraded the stock’s ratings from ‘Underperform’ to ‘Neutral’.

Paycom Software Inc. (NYSE: PAYC)

On Friday, shares in cloud-based human capital management software solutions provider, Paycom Software Inc., closed the session at $40.84, which was a slight correction of 0.99%. A total volume of 967,767 shares was traded, which was above their three months average volume of 578,770 shares. The stock has gained 6.74% in the last month, 28.11% over the previous three months, and 8.53% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 10.41% and 11.93%, respectively. Furthermore, Paycom Software’s stock has an RSI of 57.40. On May 04th, 2016, research firm Wunderlich reiterated its ‘Buy’ rating with an increase of the target price to $50 a share from $34 a share for the Company’s stock. Trade alert on PAYC is available for free at:

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