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Technical Briefing On Electronic Arts, VMware, Oi SA, DigitalGlobe, And Wave Systems

Stocks in this article: DGI EA OIBR VMW WAVX

LONDON, April 22, 2013 /PRNewswire/ --

Equity markets edged higher on Friday, finishing the week on a strong note. However, all three benchmark indexes fell sharply for the week, mainly due to the huge losses posted last Monday. The technology sector was among the major losers last week. The sector was dragged lower by disappointing earnings results from some major tech companies. On Friday, the sector rose 0.30%, tracking gains in the broad market. Among the major movers in this sector were Electronic Arts Inc. (NASDAQ: EA), VMware Inc. (NYSE: VMW), Oi SA  (NYSE: OIBR), DigitalGlobe Inc. (NYSE: DGI), and Wave Systems Corp. (NASDAQ: WAVX). StockCall has posted free technical research reports on EA, VMW, OIBR, DGI, and WAVX and these can be accessed by signing up at

Shares of Electronic Arts Inc. edged higher on Friday. The stock touched an intra-day high of $17.15 before finishing the day 0.89% higher at $17.09 on volume of 2.65 million. Despite Friday's gains, EA's shares fell nearly 2.80% last week. The stock has been facing stiff resistance at around $18. The company's shares have also slipped below their 50-day and 200-day moving averages, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Download the free report on EA upon registration at

Shares of VMware Inc. fell sharply on Friday even as the broad market edged higher. The stock traded between $70.53 and $74.58 before finishing the day 2.59% lower at $72.46 on above average volume of 4.14 million. VMware's shares have fallen more than 7.60% in the last three trading sessions. The stock is trading close to its 52-week low of $70.05 as a result of the recent pullback. Year-to-date, shares of VMW have fallen more than 23%, compared to a gain of over 9% for the S&P 500. VMW technical report can be accessed for free by signing up at

Oi SA's shares rose sharply in Friday's trading session. The stock closed 1.57% higher at $2.59 on volume of 1.64 million. Despite the gains registered at the end of the prior week, the company's shares have fallen more than 3.30% in the last three sessions. The stock has seen a series of lows since February, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Year-to-date, shares of OIBR have fallen more than 29%, underperforming the S&P 500. Free report on OIBR can be accessed by registering at

Shares of DigitalGlobe Inc. edged higher on Friday, touching an intra-day high of $28.11. The stock closed 2.30% higher at $28.03 on volume of 602,800. DigitalGlobe's shares crossed above their 50-day moving average on Friday, which is a bullish signal. The positive trend is further confirmed by the stock's MACD chart. Year-to-date, the stock has gained nearly 14.70%, outperforming the S&P 500. Register with StockCall and download the research on DGI for free at

Shares of Wave Systems Corp. fell sharply on Friday. The stock finished 4.16% lower at $0.62, which was also its intra-day low. Volume stood at 63,900, significantly below the daily average of 203,651. Shares of WAVX have struggled over the past one month, falling more than 11%. The stock is now trading close to its 52-week low of $0.53. The company's 50-day moving average recently crossed below the 200-day moving average, forming a "death cross". This is a strong bearish signal. Read the full free research on WAVX by signing up to StockCall at


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