LONDON, March 5, 2013 /PRNewswire/ --
On Monday, Technology sector remained buoyant, in-line with broader market sentiments. Major technology stocks also showed some extreme movements, while other tech stocks retained their bullish trend. The Dow Jones ended its latest session at 14,127.82, up 0.27 percent while NASDAQ was up 0.39 percent to close at 3,182.03. Similarly, S&P also closed on a positive note at 1,525.20, up 0.46 percent. Our research team took a look at the Application Software industry which includes major companies like Microsoft Corporation (NASDAQ: MSFT), Oracle Corporation (NASDAQ: ORCL), Salesforce.com Inc. (NYSE: CRM), Cadence Design Systems Inc. (NASDAQ: CDNS), and CA Inc. (NASDAQ: CA). StockCall professionals have completed their technical analysis on MSFT, ORCL, CRM, CDNS, and CA and these free reports are accessible by registering at
Microsoft Corporation is currently in a bullish mode as the stock ended yesterday's trading session at $28.15, up 0.72 percent. The stock traded in the range of $27.70 and $28.15 during Monday's session. Its first support level is at $27.76 and upon breaching this level, the stock may go down to $26.48 level. On the upside, Microsoft's stock may touch $28.94 level. The stock has traded in the range of $26.26 and $32.95 in the past 52 weeks and it declined by 12.24 percent during the same time period. On a Year-to-Date basis, the stock is up 5.39 percent. Sign up for the free technical research on MSFT at
Oracle Corporation shares traded up in Monday's trading session, ending the day 1.21 percent higher at $35.05. The stock fell to an intra-day low of $34.40, while its intra-day high stood at $35.08. With the upward movement, Oracle has gained more than 5 percent this year, compared to a gain of 6.94 percent for the S&P 500. The tech giant's shares have strong support at around $34.99, as the stock shows a bullish trend. The stock is trading higher than its 20-day and 50-day moving averages. Be sure to read our latest technical research on ORCL by registering at
Salesforce.com Inc. traded in the range of $181.48 and $186.63 during its yesterday's trading session. It opened at $182.02 and closed at $185.89, up 2.14 percent on Monday. The stock is currently in a bullish mode and has its first resistance level at $186.25. Upon breaching this level, Salesforce.com may go as high as $187. It traded 2.39 million shares and is above its 20-day moving average price. Its first support level is at $178.07. So far in 2013, the stock is up 10.58 percent. Sign up and read the complimentary report on CRM at
In-line with the upward movement shown by broad market indices, Cadence Design Systems Inc.'s stock finished 2.65 percent higher at $14.31, with volume up from daily average of 2.84 million to 3.80 million. The tech company's stock is up in 2013 so far with its year-to-date gain at 5.92 percent. The stock currently shows a bullish trend which is further confirmed by the stock's MACD chart. Cadence has its first support level at $14.12. In the coming trading sessions, the stock is likely to go as high as $14.42. The free report on CDNS can be downloaded by signing up now at
CA Inc.'s stock rose marginally in yesterday's trading session. On Monday, the stock closed 0.12 percent higher at $24.45 with 2.84 million share volume. Despite the mild upward movement, the stock is still up more than 11 percent for the year. In the past 52 weeks, CA Inc. is down 9.61 percent. The stock currently has support at $23.88 level. Its MACD chart shows bullish trend. The company may face its first resistance level at $24.60. Upon breaching this level, the stock may go as high as $25.19. Free report on CA can be accessed by registering at
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