NEW YORK, NY / ACCESSWIRE / February 16, 2018 / U.S. markets continued to rally for the fifth consecutive day on Thursday, after being hit with a sharp correction last week. The Dow Jones Industrial Average gained 1.23 percent to close at 25,200.37, while the S&P 500 jumped 1.21 percent to close at 2,731.20. The Nasdaq Composite Index spiked 1.58 percent to close at 7,256.43, as tech giants Alphabet and Netflix all posted gains. Last week on February 8th the major indexes closed down 10 percent from the highs set on January 26th.
"The volatility we saw in that correction is here to stay," said Maris Ogg, president at Tower Bridge Advisors, according to CNBC. "We don't have the dampening mechanisms we had in previous years. ... But frankly, the path of least resistance is still up and fundamentals haven't really changed.".
RDI Initiates Coverage on:
Adobe Systems Inc.
Adobe Systems' stock moved 2.96% higher Thursday, to close the day at $202.97. The stock recorded a trading volume of 2,233,313 shares, which was below its three months average volume of 2,803,582 shares. In the last year, Adobe Systems' shares have traded in a range of 117.83 - 204.45. The share price has gained 72.26% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $191.02 is greater than its 200-day moving average of $169.85. Shares of Adobe Systems are trading at a Price to Earnings ratio of 60.05. Shares of Adobe Systems have gained roughly 4.06 percent in the past month and are up 15.82 percent year-to-date.
Access RDI's Adobe Systems Inc. Research Report at:
On Thursday, shares of Oracle recorded a trading volume of 14,132,477 shares, which was below the three months average volume of 16,690,825 shares. The stock ended the day 2.41% higher at 50.64. The share price has gained 22.41% from its 52-week low with a 52-week trading range of 41.37 - 53.14. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $49.41 is greater than its 200-day moving average of $49.33. Shares of Oracle are trading at a Price to Earnings ratio of 21.75. Shares of Oracle have gained roughly 2.28 percent in the past month and are up 7.11 percent year-to-date.
Access RDI's Oracle Corporation Research Report at:
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