INFORMATION TECHNOLOGY 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 INFORMATION TECHNOLOGY stocks and the majority have fired a Buy signal as of today. WIPRO LTD-ADR (NYSE:WIT), VANGUARD INFO TECH ETF (NYSE:VGT), VANCEINFO TECHNOLOGIES-ADR (NYSE:VIT), SYNTEL INC (NASDAQ:SYNT), VIRTUSA CORP (NASDAQ:VRTU), CAMELOT INFORMATION SYS-ADS (NYSE:CIS) 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 WIT WIPRO LTD-ADR 0.95 1.76 0.99 INFORMATION TECHNOLOGY VGT VANGUARD INFO TECH ETF 0.69 1.08 1.01 INFORMATION TECHNOLOGY VIT VANCEINFO TECHNOLOGIES-ADR 0.59 1.39 0.87 INFORMATION TECHNOLOGY SYNT SYNTEL INC 0.65 1.21 1 INFORMATION TECHNOLOGY VRTU VIRTUSA CORP 0.7 1 1.13 INFORMATION TECHNOLOGY CIS CAMELOT INFORMATION SYS-ADS 0.63 0 0.84 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.
WIPRO LTD-ADR (NYSE:WIT) - Wipro Limited provides information technology (IT) products and services, and consumer care and lighting products primarily in India, the United States, and Europe. The IT Services segment provides IT and IT enabled services, including software application development, application maintenance, research and development services for hardware and software design, data center outsourcing services, and business process outsourcing services. The IT Products segment sells a range of personal desktop computers, servers, and notebooks. This segment provides computing, storage, networking, security, and software products. It also acts as a value added reseller of desktops, servers, notebooks, storage products, networking solutions, and packaged software for various brands, as well as delivers hardware, software products, and other related deliverables. This segment serves enterprises in the government, defense, IT and IT-enabled services, telecommunications/telecom service providers, manufacturing, and banking sectors. The Consumer Care and Lighting segment manufactures, distributes, and sells personal care products, baby care products, lighting products, and hydrogenated cooking oils. It provides products in the toilet soaps, toiletries, deodorants, wellness, skincare, and hair care categories; and commercial lighting, office modular furniture, and security solutions. The company also manufactures cylinders and truck hydraulics; distributes hydraulic steering equipment and pumps, motors, and valves for international companies; and provides water solutions business, as well as provides consulting on renewable energy solutions. Wipro Ltd. has a strategic partnership with Red Hat, Inc. Wipro was founded in 1945 and is headquartered in Bangalore, India.
VANGUARD INFO TECH ETF (NYSE:VGT) - VANGUARD INFORMAT
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.
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.
CAMELOT INFORMATION SYS-ADS (NYSE:CIS) -
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