Thursday 27 Nov 2014

Aspen Technology Inc. (NASDAQ:AZPN) down by 7.61%, QEP Resources Inc (NYSE:QEP)

Aspen Technology Inc. (NASDAQ:AZPN) closed at $28.16, down by 7.61% against previous close of $30.48 after hitting an intraday high of $32.67 and an intraday low of $26.55. The stock is trading 15.18% down from its 52 week high of $32.98 and is up 43.09% from its 52 week low of $19.55. Currently, the market cap of Aspen is $2.62 billion and the beta is 1.10. The Aspen is trading 6.75% and 9.56% below its 20 day SMA and 50 day SMA respectively indicating short term vulnerability. 200 day SMA which is a long term indicator is also showing little strength as the stock is trading 3.24% above the average. 14-day RSI of the stock stands at 32.57 indicating room for further downside before it enters into an oversold territory and finds supports at key levels and regains its upward trajectory. The stock needs to get above all they key short term average to indicate any reversal in downward movement.

The company reported a profit of $10.51 million or $0.11 per share in 1Q2013. Adjusted earnings were $12.9 million and reported revenue of $79.36 million higher than $61.34 million in the previous year.

QEP Resources Inc (NYSE:QEP) closed at $26.95, down by 6.13% against previous close of $28.71 after hitting an intraday high of $28.10 and an intraday low of $26.24. The stock is trading 19.28% down from its 52 week high of $33.45 and is up 11.11% from its 52 week low of $24.30. Currently, the market cap of QEP is $4.84 billion. The QEP is trading 8.10% and 11.01% below its 20 day SMA and 50 day SMA respectively indicating short term vulnerability. 200 day SMA which is a long term indicator is also showing weakness as the stock is trading 9.36% below the average. 14-day RSI of the stock stands at 33.86 indicating room for further downside before it enters into an oversold territory and finds supports at key levels and regains its upward trajectory. The stock needs to get above all they key short term average to indicate any reversal in downward movement.

The company reported its 1Q2013 results and reported a net loss of $4.3 million or $0.02 per share as compared to a net income of $155.2 million in the previous year. Total revenue was $996.5 million up from $603.2 million in 1Q2012.

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