TECHNICAL/SYSTEM SOFTWARE Stocks Expected To Be Up After Top Correlated Stocks Fire Buy Signals.
August 31, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the top most highly correlated TECHNICAL/SYSTEM SOFTWARE stocks and the majority have fired a Buy signal as of today. NATIONAL INSTRUMENTS CORPORATION (NASDAQ:NATI), VMWARE INC-CLASS A (NYSE:VMW), CAMELOT INFORMATION SYS-ADS (NYSE:CIS), SYNTEL INC (NASDAQ:SYNT), VIRTUSA CORP (NASDAQ:VRTU), VANCEINFO TECHNOLOGIES-ADR (NYSE:VIT) are all expected to be Up as the top stocks in the sector have fired Buy signals. Group rotation is a phenomenon where institutions exert buying or selling pressure in an industry group, pushing prices of the group higher or higher relative to the general market. An industry can often lead or lag the market, and the most highly correlated stocks (mirror closest to the overall move in that group) usually move in unison. The technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php . The chart below displays the correlation, beta and relative strength of the top most highly correlated stocks in the highlighted industry group:
Symbol Company Correlation Beta RelStr Sector NATI NATIONAL INSTRUMENTS CORPORATION 0.58 1.15 1.05 TECHNICAL/SYSTEM SOFTWARE VMW VMWARE INC-CLASS A 0.81 1 1.02 TECHNICAL/SYSTEM SOFTWARE CIS CAMELOT INFORMATION SYS-ADS 0.63 0 0.84 INFORMATION TECHNOLOGY SYNT SYNTEL INC 0.65 1.21 1 INFORMATION TECHNOLOGY VRTU VIRTUSA CORP 0.7 1 1.13 INFORMATION TECHNOLOGY VIT VANCEINFO TECHNOLOGIES-ADR 0.59 1.39 0.87 INFORMATION TECHNOLOGYWe automatically calculate correlation to help find the stocks that most closely match their groups movement and generate powerful group consensus trading signals to profit from the herd mentality. When multiple stocks in a group turn at the same time and the rotation of that group is confirmed, an explosive move typically occurs. Correlation measures the tendency for a symbol to move in unison with the group, beta measures the amount the symbol is expected to move relative to the group and relative strength looks back at the recent past to show how the stock has been moving relative to the group.
NATIONAL INSTRUMENTS CORPORATION (NASDAQ:NATI) - National Instruments Corporation manufactures and supplies measurement and automation products. It provides application software and modular hardware that combines with industry-standard computers, networks, and third party devices to create measurement, automation, and embedded systems. The companys application software products include LabVIEW, LabWindows/CVI, and Measurement Studio, which are programming environments to design, prototype, and deploy systems, as well as to design custom virtual instruments; LabVIEW Real-Time that configures users programs to execute remotely on embedded processors; LabVIEW FPGA, which allows users to build custom hardware devices for proprietary measurement or control protocols; NI TestStand, a test management environment for controlling automated manufacturing test systems; NI DIAdem that are configuration-based technical data management, analysis, and report generation tools; NI VeriStand, a ready-to-use software environment; and NI Multisim, which equips engineers, educators, and students with a circuit design technology. Its hardware products comprise DAQ hardware/driver software, PXI modular instrumentation platform, modular instruments, machine vision/image acquisition, motion control, distributed I/O and embedded control hardware/software, industrial communications interfaces, GPIB interfaces, and VXI controllers/driver software. The company offers its products to industries, including advanced research, automotive, automated test equipment, aerospace, computers and electronics, process manufacturing, education, government/defense, medical research/pharmaceutical, energy, semiconductors, and telecommunications. It markets its products through direct sales organizations, independent distributors, original equipment manufacturers, value added resellers, system integrators, and consultants in the Americas, Europe, and the Asia Pacific. The company was founded in 1976 and is based in Austin, Texas.
VMWARE INC-CLASS A (NYSE:VMW) - VMware, Inc. provides virtualization infrastructure software solutions and related support and services primarily in the United States. The companys virtualization software solutions support a range of operating system and application environments, as well as networking and storage infrastructures. It provides VMware vSphere, a data center platform, which helps companies along the path of cloud computing by providing compatible IT infrastructures. The company offers solutions that enable organizations to aggregate multiple servers, storage infrastructure, and networks together into shared pools of capacity. It provides products that address various infrastructure needs, such as planned and unplanned downtime management, system recoverability, backup and recovery, resource provisioning and management, capacity and performance management, and security. VMware, Inc. provides various desktop products and technologies comprising View Manager that provides session management and security services; View Composer, which offers desktop image provisioning, management, and storage reduction; and VMware ThinApp that enables quick application delivery. The company also offers client-hosted desktop virtualization products, including Workstation that enables to create multiple secure virtual sandboxes on a single computer; and Fusion that enables Windows and Windows applications on an Intel processor-powered Apple OS X Macintosh computer. In addition, it provides various support services; consulting services for implementation of virtualization solutions; and education services that provide hands-on labs, case study examples, and course materials. The company sells its products and services through distributors, resellers, x86 system vendors and integrators, and direct sales. It has a strategic partnership with Siemens Enterprise Communications. The company was incorporated in 1998 and is headquartered in Palo Alto, California. VMware, Inc. is a subsidiary of EMC Corporation.
CAMELOT INFORMATION SYS-ADS (NYSE:CIS) -
SYNTEL INC (NASDAQ:SYNT) - Syntel, Inc. provides information technology (IT) and knowledge process outsourcing (KPO) services worldwide. It operates in four segments: Applications Outsourcing, KPO, e-Business, and TeamSourcing. The Applications Outsourcing segment provides software applications development; maintenance, testing, and migration services; and infrastructure services. The KPO segment offers a host of outsourced solutions for knowledge and business processes. Its solutions enhance back-office services, such as transaction processing, loan servicing, retirement processing, and collections and payment processing. The e-Business segment provides technology services in the areas of architecture strategy, Web solutions, data warehousing/business intelligence, enterprise applications integration, and enterprise resource planning, and software package implementation. The TeamSourcing segment offers professional IT consulting services, including IT applications systems specification, design, development, implementation, and maintenance involving various computer hardware, software, data and networking technologies, and practices. The company primarily serves financial services, healthcare, insurance, automotive, and retail industries. Syntel, Inc. was founded in 1980 and is headquartered in Troy, Michigan.
VIRTUSA CORP (NASDAQ:VRTU) - Virtusa Corporation provides information technology (IT) services to clients across North America, Europe, the Middle East, and Asia. Its IT consulting services include assessment and planning services comprising application inventory and portfolio assessment, business/technology alignment analysis, IT strategic planning, and quality assurance process consulting; architecture and design services that include enterprise architecture analysis, technology roadmaps, product evaluation and selection, and business process analysis and design; and governance-related services, including program governance and change management, program management planning, and IT process/methodology consulting. Virtusa also offers technology implementation services comprising application development, package implementation and integration, software product engineering, business process management implementation, and enterprise content management; systems consolidation and rationalization, technology migration and porting, and Web-enablement of legacy applications; data warehousing services, such as data management and transformation, and business intelligence, reporting, and decision support services; and testing services that include testing frameworks, automation of test data and cases, and test cycle execution. Its application outsourcing services include application and platform management services, including production support, maintenance and enhancement of custom-built and package-based applications, and ongoing software engineering services; infrastructure management services comprising systems and database administration, and monitoring; and quality assurance management services. It serves communications and technology, banking, financial services, insurance, media, and information industries. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation in April 2002. Virtusa was incorporated in 1996 and is headquartered in Westborough, Massachusetts.
VANCEINFO TECHNOLOGIES-ADR (NYSE:VIT) - VanceInfo Technologies Inc., together with its subsidiaries, engages in the provision of information technology (IT) services. The company offers research and development services in various phases of development, including requirements analysis, concept generation, product realization, quality assurance and testing, and technology and information transfer; and develops software products, such as middlewares, Internet protocols, and other software. It provides enterprise solutions for packaged evaluation and selection, packaged implementation, customization, regional rollout, version upgrades, and business intelligence/data warehouse, as well as enhancement, maintenance, and product support; and designs, develops, and implements software solutions to meet various client requirements, and provides maintenance services for software systems. VanceInfo also offers customized and automated testing practices, which include functional testing, globalization and localization testing, automation testing, performance testing, remote testing, and test process consulting; and globalization and localization services that comprise software and content localization, localization engineering, localization testing, internationalization engineering, and internationalization testing. The company serves technology, telecommunications, financial services, manufacturing, and retail and distribution industries primarily in China, the United States, Europe, and Japan. VanceInfo Technologies Inc. was founded in 1995 and is headquartered in Beijing, the Peoples Republic of China.
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