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Upgrade Alert for QLIK Technologies (QLIK)
[January 18, 2013]

Upgrade Alert for QLIK Technologies (QLIK)

Jan 18, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- QLIK Technologies (NASDAQ:QLIK) was upgraded from Neutral to Buy at Goldman Sachs today. The stock closed yesterday at $20.76 on volume of 2.3 million shares, above average daily volume of 1.5 million. In the past 52 weeks, shares of QLIK Technologies have traded between a low of $16.71 and a high of $35.62 and closed yesterday at $20.76, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 0.9%.

QLIK Technologies Inc. develops business intelligence solutions. The Company's software platform combines enterprise-class analytics and search functionality into a single platform.

QLIK Technologies (NASDAQ:QLIK) has potential upside of 22.0% based on a current price of $20.76 and analysts' consensus price target of $25.33. The stock should find resistance at its 200-day moving average (MA) of $22.31, as well as support at its 50-day MA of $19.86.


SmarTrend recommended that subscribers consider buying shares of QLIK Technologies on December 12th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.09. Since that recommendation, shares of QLIK Technologies have risen 3.4%. We continue to monitor QLIK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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