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Shares of NICE Systems Cross Below Their 200-Day Moving Average
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Shares of NICE Systems Cross Below Their 200-Day Moving Average

 
June 17, 2011

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By Rajani Baburajan, TMCnet Contributor
 

On June 16, the shares of Nice Systems crossed below their 200 day moving average of $33.65, trading at as low as $33.19 per share.

Market News Video reported that Nice Systems shares are currently trading off about 1.4 percent on the day.


NICE Systems, an applications software company, is specialized in integrated digital recording and management solutions. NICE trades among companies like Take-Two Interactive Software (TTWO) and Advent Software (News - Alert) (ADVS), which were up 0.4 percent and 0.2 percent respectively.

Since March this year, NICE was performing well compared to TTWO and ADVS until April last week when its shares started moving downward. At the same time TTWO shares demonstrated an unusually sharp rise in the beginning of May, but the windfall did not last longer for TTWO. However, throughout May, TTWO has maintained a position well above NICE.

NICE's low point in its 52-week range is $25.10 per share, with $38.49 as the 52 week high point — that compares with a last trade of $33.60, according to Market News Video.

According to the ETF Finder at ETF Channel, NICE makes up 2.24 percent of the Guggenheim International Small Cap LDRs ETF which is trading higher by about 0.4 percent on the day Thursday.

In its latest financial results for the fourth quarter and full year ending December 31, 2010, NICE Systems (News - Alert) said its revenues were at a new all time high of $187 million, up from $163 million in the fourth quarter of 2009. Earnings per fully diluted share reached $0.51, up from $0.45 last year, while it recorded strong cash flow from operations of $44 million.


Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Juliana Kenny

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