Today’s Technical Breakdown on Some Interesting Tech Equities

LONDON, UK / ACCESSWIRE / May 27, 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 Quantum, Pure Storage, Nimble Storage, Violin Memory.

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New entrants are emerging in the Data Storage Devices segment, adding to the already-fierce competition in this space. Let us see how this is affecting some of the big names in the industry. Get acquainted with these stocks better by accessing our alerts service below:

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Following yesterday’s close ActiveWallSt.com looks briefly at how each of the companies mentioned above have fared technically speaking and over the last few trading sessions.

Quantum Corp. (NYSE: QTM)

Scale-out storage, archive, and data protection solutions provider, Quantum Corp.’s stock finished Thursday’s session at $0.38, which was a correction of 2.59%. A total volume of 2.39 million shares was traded, which was above their three months average volume of 1.82 million shares. The Company’s shares are trading below their 50-day moving average by 23.41%. Moreover, shares of Quantum have a Relative Strength Index (RSI) of 36.63.

Pure Storage Inc. (NYSE: PSTG)

Shares in flash memory-based enterprise storage hardware provider, Pure Storage Inc., ended yesterday’s session at $12.46, which was a correction of 15.35%. A total volume of 11.92 million shares was traded, much above their three months average volume of 1.28 million shares. The stock is trading 11.65% below its 50-day moving average. Moreover, shares of Pure Storage have an RSI of 32.35. Yesterday, research firm Maxim Group reiterated its ‘Buy’ rating with a decrease of the target price to $20 a share from $27 a share for the Company’s stock.

Nimble Storage Inc. (NYSE: NMBL)

On Thursday, California-based flash storage platforms provider, Nimble Storage Inc.’s stock gained 2.34%, to close the day at $8.76. A total volume of 1.62 million shares was traded, which was above their three months average volume of 945,570 shares. The Company’s shares have advanced 9.50% in the last one month and 16.18% in the previous three months. The stock is trading 19.15% above its 50-day moving average. Additionally, shares of Nimble Storage have an RSI of 74.45. On May 25th, 2016, research firm Maxim Group reiterated its ‘Buy’ rating with an increase of the target price to $11 a share from $10 a share for the Company’s stock.

Violin Memory Inc. (NYSE: VMEM)

Shares in Santa Clara, California headquartered Violin Memory Inc., which develops and supplies memory-based storage systems, ended the day 0.96% higher at $0.34. A total volume of 1.32 million shares was traded, which was above their three months average volume of 974,320 shares. The stock is trading below its 50-day moving average by 12.90%. Furthermore, shares of Violin Memory have an RSI of 48.69. Trade alert on VMEM is available for free at:

http://www.activewallst.com/register/

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