Bulls are Supporting These Technology Stocks

Following is a list of 10 companies in the Technology sector whose stock are trading above their 50-day moving average.  Criteria for this screen are:

  • The shares trade on an American exchange.
  • Market capitalization is at least $1 billion.
  • The sector in which the company operates is Technology.  The Technology sector includes all companies that operate in the following industries: Semiconductors & Semiconductor Equipment, Communications Equipment, Computers & Office Equipment, and Software & IT Services.

Our screen returned 50 companies in this sector.  The 10 that follow have the highest percentage price change of their 50-day moving average.  As should be expected for momentum trades of this type, the stock trading the highest above their 50-day moving average tend to be relatively smaller companies.

  • Fusion-IO, Inc. (NYSE:FIO): This company has a market capitalization of $2,622,166,000. The stock last traded at $33.70, which is 36.94% above its 50-day moving average. About the company:  Fusion-io, Inc. focuses on the development, marketing, and sale of storage memory platforms for data decentralization. The company’s platform enhances the processing capabilities within a datacenter by relocating process-critical or active data from centralized storage to the server where it is being processed.
  • GT Solar International, Inc. (NASDAQ:SOLR): This company has a market capitalization of $1,953,869,000. The stock last traded at $15.52, which is 30.66% above its 50-day moving average. About the company:  GT Solar International Inc. manufactures solar power equipment. The Company is a global provider of polysilicon production technology, crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry.
  • Servicesource International Inc (NASDAQ:SREV): This company has a market capitalization of $1,361,946,000. The stock last traded at $20.17, which is 18.62% above its 50-day moving average. About the company:  ServiceSource International Inc helps hardware, software, healthcare, and life sciences companies derive from their customers more revenue from maintenance, support and subscription agreements. The Company analyzes areas of the customer’s service business that are not optimized, and develops and implements a suite of cloud applications and managed services for the service sales team.
  • Telvent Git, S.A (NASDAQ:TLVT): This company has a market capitalization of $1,356,250,751. The stock last traded at $39.52, which is 16.42% above its 50-day moving average. About the company:  Telvent GIT, S.A. is an information technology company that provides value-added real-time products and services solutions. The Company serves targeted industrial sectors primarily in Spain, North America, Latin America, and China. Telvent provides systems integration, consulting services, design and engineering services, and software.
  • Pegasystems Inc. (NASDAQ:PEGA): This company has a market capitalization of $1,621,276,000. The stock last traded at $43.39, which is 15.99% above its 50-day moving average. About the company:  Pegasystems Inc. develops customer relationship management software. The software automates customer interactions across transaction-intensive enterprises. The Company provides its products to customers in the banking, mutual funds and securities, mortgage services, card services, insurance, healthcare management, and telecommunications industries.
  • MicroStrategy Incorporated (NASDAQ:MSTR): This company has a market capitalization of $1,715,786,000. The stock last traded at $160.23, which is 15.07% above its 50-day moving average. About the company:  MicroStrategy Incorporated provides business intelligence software and related services. The Company’s technology platform enables departments and enterprises to deploy Web-based reporting and analysis solutions. MicroStrategy also offers consulting, training, and support services. Solutions are provided to retail, finance, telecommunications, insurance, dot-com, and healthcare industries.
  • VirnetX Holding Corporation (AMEX:VHC): This company has a market capitalization of $1,416,528,000. The stock last traded at $28.50, which is 13.37% above its 50-day moving average. About the company:  Virnetx Holding Corporation is developing and commercializing software and technology solutions for securing real-time communications over the Internet.
  • Pandora Media Inc (NYSE:P): This company has a market capitalization of $2,638,701,000. The stock last traded at $16.52, which is 13.13% above its 50-day moving average. About the company:  Pandora is an internet radio station generating playlists based on a user’s favorite artist or song. Pandora’s service, free to its more than 80 million registered users and available only in the US, is supported by local and national advertising. Pandora chief strategy officer Tim Westergren founded the company in 2000.
  • Fortinet, Inc. (NASDAQ:FTNT): This company has a market capitalization of $3,979,530,000. The stock last traded at $26.01, which is 12.54% above its 50-day moving average. About the company:  Fortinet Inc. provides network security solutions. The Company offers network security appliances and related software, and subscription services. Fortinet systems integrate the industry’s broadest suite of security technologies, including firewall, VPN, antivirus, intrusion prevention (NYSE:IPS), Web filtering, antispam, and traffic shaping.
  • NetSuite Inc. (NYSE:N): This company has a market capitalization of $2,530,000,000. The stock last traded at $38.30, which is 11.15% above its 50-day moving average. About the company:  NetSuite Inc. provides relationship management software solutions . The Company offers a comprehensive suite of enterprise resource planning, or ERP, customer relationship management, or CRM, and e-commerce solutions.

(Note: Selected financial data are sourced from screener.co.  All data are assumed to be accurate.)

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