This Morning’s Technical Outlook on Tech Stocks — CoreLogic, Cognex, Garmin, and II-VI

November 30, 2017 | By forimmediaterelease.net - | Filed in: Press Releases.

CoreLogic
Irvine, California headquartered CoreLogic Inc.’s shares declined 0.49%, closing Wednesday’s trading session at $42.98. The stock recorded a trading volume of 690,270 shares, which was above its three months average volume of 433,780 shares. The Company’s shares have advanced 16.70% since the start of this year. The stock is trading 1.67% below its 200-day moving average. Additionally, shares of CoreLogic, which provides property information, analytics, and data-enabled services in North America, Western Europe, and Asia/Pacific, have a Relative Strength Index (RSI) of 28.11. 
On November 07th, 2017, CoreLogic released its CoreLogic Home Price Index (HPI™) and HPI Forecast™ for September 2017, which shows home prices are up strongly both year-over-year and month-over-month. Home prices in the US increased year-over-year by 7% from September 2016 to September 2017, according to the CoreLogic HPI. On a month-over-month basis, home prices increased by 0.9% in September 2017 compared to August 2017.
On November 28th, 2017, research firm SunTrust downgraded the Company’s stock rating from ‘Buy’ to ‘Hold’. Our free and thorough report on CLGX awaits you at: www.wallstequities.com/registration/?symbol=CLGX

Cognex
On Wednesday, shares in Natick, Massachusetts headquartered Cognex Corp. recorded a trading volume of 2.01 million shares, which was above their three months average volume of 759,240 shares. The stock dropped 5.56%, ending the day at $135.84. The Company’s shares have advanced 9.85% in the past month, 25.73% in the previous three months, and 113.52% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.66% and 36.92%, respectively. Furthermore, shares of Cognex, which provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide, have an RSI of 53.45.
On November 08th, 2017, research firm JP Morgan downgraded the Company’s stock rating from ‘Neutral’ to ‘Underweight’. CGNX’s complimentary research coverage a few simple steps away at: www.wallstequities.com/registration/?symbol=CGNX

Garmin
Schaffhausen, Switzerland-based Garmin Ltd’s stock finished the day 0.83% lower at $62.40 with a total trading volume of 959,597 shares. The Company’s shares have advanced 10.46% in the last one month, 20.63% in the previous three months, and 28.69% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.63% and 18.13%, respectively. Additionally, shares of Garmin, which together with its subsidiaries, designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide, have an RSI of 69.27. 
On November 22nd, 2017, Garmin International, Inc. a unit of Garmin, celebrated the delivery of the one-millionth certified avionics product from its manufacturing facility in Olathe, Kansas. The milestone product was a GTX™ 3000 DO-260B compliant Mode S Extended Squitter transponder, which enables ADS-B Out transmissions and features TCAS II/ACAS II compatibility for a wide range of business and transport category aircraft. Register for your free research report on GRMN at: www.wallstequities.com/registration/?symbol=GRMN

II-VI
Shares in Saxonburg, Pennsylvania headquartered II-VI Inc. ended yesterday’s session 6.37% lower at $47.75. The stock recorded a trading volume of 855,762 shares, which was above its three months average volume of 703,210 shares. The Company’s shares have advanced 7.79% in the last one month, 32.64% over the previous three months, and 61.05% since the start of this year. The stock is trading 9.42% and 28.71% above its 50-day and 200-day moving averages, respectively. Moreover, shares of II-VI, which develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide, have an RSI of 53.30. 

On November 13th, 2017, research firm Needham reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $50 a share to $56 a share.

On November 28th, 2017, II-VI announced that Dr. Giovanni Barbarossa, Chief Technology Officer and President of Laser Solutions Segment, and Mary Jane Raymond, Chief Financial Officer, will present at the Barclays Global Technology, Media and Telecommunications Conference on December 07th, 2017, at 2:30 p.m. PST in San Francisco. Wall St. Equities’ downloadable research report on IIVI available at: www.wallstequities.com/registration/?symbol=IIVI

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