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LONDON, July 9, 2014 /PRNewswire/ --
On Tuesday, July 08, 2014, the NASDAQ Composite ended at 4,391.46, down 1.35%, the Dow Jones Industrial Average finished the day 0.69% lower at 16,906.62, and the S&P 500 closed at 1,963.71, down 0.70%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Information Technology Sector Index ended the day at 636.23, down 0.99%, while the index has advanced 8.26% in the previous three months. Investor-Edge has initiated coverage on the following equities: Emulex Corp. (NYSE: ELX), Sonus Networks Inc. (NASDAQ: SONS), Infinera Corp. (NASDAQ: INFN) and Ruckus Wireless Inc. (NYSE: RKUS). Free technical research on ELX, SONS, INFN and RKUS can be downloaded upon signing up at:
Emulex Corp.'s stock declined 4.51%, to close the day at $5.50. The stock recorded a trading volume of 1.06 million shares, below its three months average volume of 1.71 million shares. The stock oscillated between $5.50 and $5.76 during the session. Emulex Corp.'s shares have fallen by 6.62% in the previous three trading sessions, 0.90% in the last one month and 23.18% on YTD basis. The stock is trading above its 50-day moving average of $5.46, while the 50-day moving average is below Emulex Corp.'s 200-day moving average of $6.93. Additionally, the stock traded at a PE ratio of 57.01 and has a Relative Strength Index (RSI) of 56.68. Sign up today to read free research on ELX at:
On Tuesday, shares in Sonus Networks Inc. recorded a trading volume of 5.32 million shares, higher than its three months average volume of 2.78 million shares. The stock ended the day at $3.80, which was 5.47% below its previous day's closing of $4.02, and registered an intraday range of $3.78 and $4.01. Over the last one month and the previous three months, Sonus Networks Inc.'s shares have gained 2.98% and 16.56%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 20.63%. The company's stock is trading above its 50-day and 200-day moving averages of $3.48 and $3.28, respectively. Furthermore, shares of the company have an RSI of 71.58. Sign up today to read free research on SONS at:
Infinera Corp.'s stock finished the Tuesday's session 5.08% lower at $8.79. A total of 2.83 million shares were traded, which was above its three months average volume of 1.58 million shares. The stock moved between $8.78 and $9.25 during the session. Although Infinera Corp.'s shares have gained 3.90% in the previous three months, it has declined 3.83% in the last one month and 10.12% on YTD basis. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $9.29 is greater than its 50-day moving average of $9.01. Infinera Corp.'s stock has an RSI of 50.95. Sign up today to read free research on INFN at:
On Tuesday, shares in Ruckus Wireless Inc. traded between $10.75 and $11.37 before ending the session 3.07% lower at $11.05. Ruckus Wireless Inc.'s stock reported a trading volume of 2.05 million shares, above its three months average volume of 1.51 million shares. Shares of the company traded at a PE ratio of 517.69. Over the last one month and over the past three months, Ruckus Wireless Inc.'s shares have gained 1.47% and 1.38%, respectively. However, the stock has lost 22.18% since the start of this year. The stock is trading above its 50-day moving average of $10.64. Moreover, shares of the company have an RSI of 51.46. Sign up today to read free research on RKUS at:
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