LONDON, May 22, 2014 /PRNewswire/ --
On Wednesday, May 21, 2014, the NASDAQ Composite ended at 4,131.54, up 0.85%, the Dow Jones Industrial Average finished the session at 16,533.06, up 0.97% and the S&P 500 closed at 1,888.03, up 0.81%. During the trading session, all of the ten sectors finished on a higher note. The S&P 500 Telecommunication Services Sector Index ended the day at 158.39, up 0.09%, and the index has gained 0.53% in the previous one month. Investor-Edge has initiated coverage on the following equities: Telefonica Brasil, S.A. (NYSE: VIV), Portugal Telecom SGPS S.A. (NYSE: PT), TW Telecom Inc. (NASDAQ: TWTC) and 8x8 Inc. (NASDAQ: EGHT). Free technical research on VIV, PT, TWTC and EGHT can be downloaded upon signing up at:
Shares in Telefonica Brasil S.A. edged 0.19% lower on Wednesday, closing the day at $20.57. The stock recorded a trading volume of 0.92 million shares, below its three months average volume of 1.92 million shares. The stock oscillated between $20.48 and $20.73 during the session. Over the last one month and from the beginning of 2014, Telefonica Brasil S.A.'s shares have gained 0.59% and 7.02%, respectively. However, the stock has declined 3.11% in the previous three trading sessions. The company's shares are trading above their 50-day and 200-day moving averages. Telefonica Brasil S.A.'s 50-day moving average of $20.52 is above its 200-day moving average of $20.29. Furthermore, the company's stock has a Relative Strength Index (RSI) of 45.87. Sign up today to read free research on VIV at:
On Wednesday, shares in Portugal Telecom SGPS S.A. fluctuated between $3.62 and $3.69 before ending the session 1.08% lower at $3.66. The company's stock reported a trading volume of 0.59 million shares, below its three months average volume of 0.71 million shares. Shares in Portugal Telecom SGPS S.A. have lost 0.54% in the previous three trading sessions, 14.69% over the last one month and 15.28% on YTD basis. Portugal Telecom SGPS S.A.'s stock is trading below its 50-day and 200-day moving averages of $4.25 and $4.35, respectively. Moreover, the company's shares have an RSI of 34.70. Sign up today to read free research on PT at:
TW telecom inc.'s stock finished Wednesday's trading session 0.69% lower at $31.64. A total of 0.56 million shares were traded, which was below its three months average volume of 0.76 million shares. The stock moved between $31.60 and $31.94 during the session. The company's stock traded at a PE ratio of 77.04. TW Telecom inc.'s stock has fallen by 2.07% in the previous three trading sessions, while it has advanced 3.94% in the last one month and 3.84% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages of $30.81 and $30.03, respectively. Furthermore, tw telecom inc.'s stock has an RSI of 56.11. Sign up today to read free research on TWTC at:
On Wednesday, shares in 8x8 Inc. recorded a trading volume of 1.64 million shares, which was above its three months average volume of 1.10 million shares. The stock ended the day at $8.01, which was 1.65% higher its previous day's closing of $7.88, and registered an intraday range of $7.78 and $8.14. However, shares in 8x8 Inc. have declined 2.91% in the previous three trading sessions and 25.21% in the last one month. Also, the stock has lost 21.08% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $10.12 and $10.13, respectively. Additionally, shares of the company traded at a PE ratio of 123.20 and have an RSI of 30.97. Sign up today to read free research on EGHT at:
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