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LONDON, March 1, 2013 /PRNewswire/ --
The shift to mobile has been the biggest trend in the Technology sector in the last year. Technology companies have been looking to adapt to the changing market dynamics. Everyone from social media companies such as Zynga Inc. (NASDAQ: ZNGA), Facebook Inc. (NASDAQ: FB) and LinkedIn Corp. (NYSE: LNKD) to semiconductor companies such as Intel Corporation (NASDAQ: INTC) and InvenSense Inc. (NYSE: INVN) have been making the shift to mobile. On Thursday, the Technology sector fell 0.20%, tracking losses in the broad market. StockCall has posted free technical research reports on ZNGA, FB, LNKD, INTC and INVN and these can be accessed by signing up at http://www.stockcall.com/analysis
After posting significant gains earlier in the week on Nevada's approval to online gambling, Zynga Inc. shares saw a sharp decline in Thursday's trading session. The stock closed 3.98% lower at $3.38 on above average volume of 45.77 million. Despite the sharp decline on Thursday, Zynga's shares have gained nearly 6% for the week, thanks to gains posted earlier in the week. Year-to-date, the company's shares have gained more than 43%. The stock is currently facing stiff resistance at around $3.70. It has support at around $3.20. Download the free report on ZNGA upon registration at http://www.StockCall.com/ZNGA030113.pdf
Facebook Inc.'s shares rose sharply in Thursday's trading session even as the broad market slipped. The stock closed 1.41% higher at $27.25 on above average volume of 83.03 million. Year-to-date, the stock has gained just 2.37%, underperforming the broad market. Facebook's shares had an excellent run at the start of 2013, breaking through $28 resistance level. However, the stock saw a pullback from $32. It currently has support at $27. Free report on FB can be accessed by registering at http://www.StockCall.com/FB030113.pdf
LinkedIn Corp. shares have had an excellent run this year, gaining more than 46%. The stock had seen a huge rally after the professional networking site posted its fourth-quarter results in February. On Thursday, LinkedIn's shares ended 0.22% lower at $168.18 on above average volume of 2.85 million. The stock is currently hovering around its 52-week high of $169.85. Technical indicators for LinkedIn Corp. are still giving very strong bullish signals. The stock's MACD is trading above the signal line and the zero-line. It is also trading well above its 50-day and 200-day moving averages. Register with StockCall and download the research on LNKD for free at http://www.StockCall.com/LNKD030113.pdf
Shares of chipmaker Intel Corporation edged lower in Thursday's trading session. The stock closed 0.24% lower at $20.88 on volume of 34.81 million. Despite the decline on Thursday, Intel's shares have gained more than 3% in the last three trading sessions. The tech giant's shares have been struggling to break through $21 resistance level. The stock is currently trading on a P/E ratio of 9.80 and has a dividend yield of 4.31%. INTC technical report can be accessed for free by signing up at http://www.StockCall.com/INTC030113.pdf
Shares of InvenSense Inc. rose sharply in Thursday's trading session, ending the day 2.30% higher at $12.02 on above average volume of 3.03 million. Despite the gains yesterday, the stock is down more than 7.60% in the last three trading sessions. Year-to-date, though, the stock is still up more than 8%, outperforming the broad market. Read the full free research on INVN by signing up to StockCall at http://www.StockCall.com/INVN030113.pdf
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