Shares of QLIK Technologies Under Pressure, Down 2.3%

Published on Mon, 12/24/2012 - 11:15
By Peter Chu in Market movers, QLIK, market movers, nasdaq:qlik, qlik technologies

One of today's stocks on the move is QLIK Technologies (NASDAQ:QLIK), down 2.3% to $21.24. The S&P is trading lower by 0.3% to 1,426 and the Dow is trading 0.3% lower to 13,153.

QLIK Technologies share prices have moved between a 52-week high of $35.62 and a 52-week low of $16.71 and are now trading 27% above that low price at $21.24 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.6%.

QLIK Technologies (NASDAQ:QLIK) has potential upside of 18.9% based on a current price of $21.24 and analysts' consensus price target of $25.26. The stock should hit resistance at its 200-day moving average (MA) of $23.13, as well as support at its 50-day MA of $19.63.

QLIK Technologies Inc. develops business intelligence solutions. The Company's software platform combines enterprise-class analytics and search functionality into a single platform.

By Peter Chu
pchu@fnno.com

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