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Stock Investors Sell Off Shares of QLIK Technologies, Down 1.8%

Published on Thu, 02/07/2013 - 13:25
By Robert Cotter

QLIK Technologies (NASDAQ:QLIK) is a company whose shares are active, trading 1.8% lower to $21.79. The Dow is down 0.6% to 13,896 and the S&P is currently down 0.5% to 1,504.

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 30% above that low price at $21.79 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.0%.

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

There is potential upside of 16.2% for shares of QLIK Technologies based on a current price of $21.79 and an average consensus analyst price target of $25.31. The stock should discover initial support at its 200-day moving average (MA) of $21.73 and subsequent support at its 50-day MA of $20.89.

By Robert Cotter
rcotter@fnno.com