Today's Research Reports on Trending Tickers: 8x8 and CenturyLink
NEW YORK, NY / ACCESSWIRE / May 11, 2018 / U.S. markets eked out gains on Thursday, on the back of positive economic data and strong performance from the technology sector. The technology sector has gained almost 7% in May which is a much steeper gain than any other sector. The Dow Jones Industrial Average jumped 0.80 percent to close at 24,739.53, logging its 6th day of gain, while the S&P 500 Index spiked 0.94 percent to close at 2,723.07. The Nasdaq Composite Index rose 0.89 percent to close at 7,404.97.
"Because this handful of stocks (in technology sector) are continuing to lead, it will be hard to get the kind of market breadth that you'd like to see signal a more positive backdrop. I'd like to see broader participation and more trading volume on positive days. Until we get that, then I'm not sure that the consolidation phase has ended," said William Delwiche, an investment strategist at Robert W. Baird.
RDI Initiates Coverage on:
8x8, Inc.
https://rdinvesting.com/news/?ticker=EGHT
CenturyLink, Inc.
https://rdinvesting.com/news/?ticker=CTL
8x8, Inc.'s stock jumped 3.44% Thursday, to close the day at $22.55. The stock recorded a trading volume of 1,337,077 shares, which was above its three months average volume of 666,983 shares. In the last year, 8x8, Inc.'s shares have traded in a range of 10.30 - 23.05. The share price has gained 118.93% 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 $19.70 is above its 200-day moving average of $16.82. Shares of 8x8, Inc. have gained roughly 19.31 percent in the past month and are up 59.93 percent year-to-date.
Access RDI's 8x8, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=EGHT
On Thursday, shares of CenturyLink recorded a trading volume of 27,891,992 shares, which was above the three months average volume of 11,686,885 shares. The stock ended the day 7.54% higher at $19.40. The share price has fallen 29.74% from its 52 week high with a 52 week trading range of 13.16 - 27.61. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $17.51 is above its 200-day moving average of $17.01. Shares of the company are trading at a Price to Earnings ratio of 8.78. Shares of CenturyLink have gained roughly 9.67 percent in the past month and are up 16.31 percent year-to-date.
Access RDI's CenturyLink, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CTL
Our Actionable Research on 8x8, Inc. (NYSE :EGHT) and CenturyLink, Inc. (NYSE :CTL) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
