LONDON, March 13, 2013 /PRNewswire/ --
On Tuesday, Technology sector experienced a mild decline after the streak of upward closings. Overall markets also corrected a little. However, the bullish stance is palpable. S&P ended 0.24 percent down at 1,552.48. NASDAQ finished lower at 3,242.32, down 0.32 percent, while The Dow Jones remained in green territory with a 0.02 percent gain ending the session at 14,450.06. Our research team took a look at Technology sector, selecting major companies like Activision Blizzard Inc. (NASDAQ: ATVI), International Game Technology (NYSE: IGT), Rovi Corporation (NASDAQ: ROVI) and Glu Mobile Inc. (NASDAQ: GLUU) from the Multimedia & Graphics Software industry. StockCall initiated free in-depth technical analysis on ATVI, IGT, ROVI, and GLUU which are currently available upon sign up at
Activision Blizzard Inc. traded in the range of $14.69 and $14.88 during yesterday's trading session. It opened at $14.80 and closed at $14.86, up 0.27 percent. The stock is currently in a bullish mode and has its first resistance level at $16.18. Upon breaching this level, Activision Blizzard may go as high as $17.21. It traded 5.65 million shares and is above its 20-day moving average price. Its first support level is at $14.60. In year 2013, the stock is up 40.72 percent so far. In the past 52 weeks, the stock has traded in the range of $10.45 and $15.04. Sign up for the free technical analysis on ATVI at
In-line with the downwards movement shown by broad market indices, International Game Technology's stock finished 0.75 percent down at $17.10, with volume down from daily average of 3.87 million to 3.40 million. The company's stock is up so far in 2013 with its year-to-date gain at 25.27 percent. However, the stock currently shows a bullish trend which is further confirmed by the stock's MACD chart. The gaming equipment company has its first support level at $16.87. In the coming trading sessions, the stock is likely to go as high as $17.52. It has P/E ratio of 18.00 and its beta is 1.62. Download the free report on IGT by registering at
Rovi Corporation's stock grew sharply in its yesterday's trading session. The stock closed 1.66 percent higher at $21.43 with 1.34 million share volume. With the upward move, the stock is still up more than 40 percent for the year. In the past 52 weeks, Rovi is down 37.43 percent. The stock currently has support at $20.40 level. The stock's MACD chart shows a bullish trend. The company may face its first resistance level at $21.65. Upon breaching this level, the stock may go as high as $21.80. The stock has traded in the range of $9.91 and $34.88 in the past 52 weeks. The free report on ROVI can be downloaded by signing up now at
Shares of Glu Mobile Inc. shot up in Tuesday's trading session. The stock closed 16.94 percent higher at $2.83 on above average volume of 29.44 million. Glu Mobile's shares have gained more than 22 percent this year, outperforming the broad market. It has support at $2.44. With the upward move, the company's shares are trading above their 50-day and 200-day moving averages. The stock's MACD is also trading above the signal line and the zero-line. Both of these are bullish signals. However, Glu Mobile is down 29.25 percent in the past 52 weeks. Free report on GLUU can be accessed by registering at
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