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Technical Briefing on Software Stocks -- Activision Blizzard, Glu Mobile, Rovi, CDK Global, and Shanda Games
[May 15, 2015]

Technical Briefing on Software Stocks -- Activision Blizzard, Glu Mobile, Rovi, CDK Global, and Shanda Games


LONDON, May 15, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge has initiated coverage on the following equities: Activision Blizzard Inc. (NASDAQ: ATVI), Glu Mobile Inc. (NASDAQ: GLUU), Rovi Corporation (NASDAQ: ROVI), CDK Global Inc. (NASDAQ: CDK), and Shanda Games Ltd (NASDAQ: GAME). Free research report on Activision Blizzard can be accessed at http://get.Investor-Edge.com/pdf/?c=Activision%20Blizzard&d=15-May-2015&s=ATVI. On Thursday, May 14, 2015, the NASDAQ Composite ended at 5,050.80, up 1.39%, the Dow Jones Industrial Average advanced 1.06%, to finish the day at 18,252.24, and the S&P 500 closed at 2,121.10, up 1.08%. The gains were broad based as all the sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 725.49, up 1.73%, with the index also advancing 3.96% in the last one month. Register for your complimentary reports at the links given below.  

Activision Blizzard Inc.'s stock gained 2.19%, to close Thursday's session at $25.17, after oscillating between $24.72 and $25.28. The stock recorded a trading volume of 5.67 million shares, above its three months average volume of 5.00 million shares. Over the last one month and the previous three months, Activision Blizzard Inc.'s shares have advanced 9.82% and 8.91%, respectively. Additionally, from the beginning of 2015, the stock has gained an upside of 24.91%. The company is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $23.21 is above its 200-day moving average of $21.75. Furthermore, Activision Blizzard Inc.'s stock traded at a PE ratio of 19.82 and has a Relative Strength Index (RSI) of 63.10. Sign up and read the free notes on ATVI at:

http://get.Investor-Edge.com/pdf/?c=Activision%20Blizzard&d=15-May-2015&s=ATVI

Glu Mobile Inc.'s stock finished Thursday's session 1.22% lower at $6.47. A total of 2.98 million shares were traded, which was below its three months average volume of 3.43 million shares. The stock moved between $6.43 and $6.61 during the session. Glu Mobile Inc.'s shares have surged 24.18% in the last one month and 26.37% in the previous three months. Additionally, from the beginning of 2015, the stock has gained an upside of 65.90%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $5.36 is greater than its 200-day moving average of $4.72. Glu Mobile Inc.'s stock traded at a PE ratio of 63.97 and has an RSI of 64.34. The complimentary notes on GLUU can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Glu%20Mobile&d=15-May-2015&s=GLUU

On Thursday, sares in Rovi Corp. fluctuated between $16.76 and $17.24 before ending the session 1.15% lower at $16.81. The stock reported a trading volume of 1.27 million shares, its below three months average volume of 2.19 million shares. Although, Rovi Corp.'s shares have advanced 0.63% in the previous three trading sessions, it has lost 6.69% in the last one month and 25.61% on YTD basis. The company is trading below its 50-day and 200-day moving averages of $19.31 and $21.27, respectively. Moreover, shares of Rovi Corp. have an RSI of 36.10. Register for free on Investor-Edge and access the latest research on ROVI at:



http://get.Investor-Edge.com/pdf/?c=Rovi&d=15-May-2015&s=ROVI

CDK Global Inc.'s stock edged 0.78% higher, to close the day at $54.43. The stock recorded a trading volume of 0.89 million shares, below its three months average volume of 1.01 million shares. The stock oscillated between $54.20 and $54.73 during the session. Over the last one month and over the past three months, CDK Global Inc.'s shares have gained 15.10% and 15.81%, respectively. Furthermore, the stock has surged 33.54% since the start of this year. The company is trading above its 50-day moving average of $47.86. Additionally, CDK Global Inc. has an RSI of 81.98. The complete research on CDK is available for free at:


http://get.Investor-Edge.com/pdf/?c=CDK%20Global&d=15-May-2015&s=CDK

On Thursday, shares in Shanda Games Ltd recorded a trading volume of 0.21 million shares, lower than its three months average volume of 0.80 million shares. The stock ended the day flat at $6.87, and registered an intraday range of $6.86 and $6.89. Shares of the company traded at a PE ratio of 8.71. Although Shanda Games Ltd's shares have lost 0.15% in the last one month, it has advanced 32.63% in the previous three months and 20.95% on YTD basis. The company is trading above its 50-day and 200-day moving averages of $6.60 and $6.27, respectively. Furthermore, shares of Shanda Games Ltd have an RSI of 72.40. Free in depth research on GAME is available at:

http://get.Investor-Edge.com/pdf/?c=Shanda%20Games&d=15-May-2015&s=GAME

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