Large Inflow of Money Witnessed in Pegasystems

Pegasystems (PEGA): $3.72 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 5.29. The value of trades done on upticks was $4.59 million, whereas, trades done on downticks were valued at $0.87 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $3.96 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.27 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 14.7 was strongly in favor of the bulls. The money flow in block trades was $3.69 million. Pegasystems (PEGA) fell $0.03 traded at $26.49, a change of -0.11% over the previous day. The stock is -0.53% for the week.


Pegasystems (PEGA) : Currently there are 4 street experts covering Pegasystems (PEGA) stock. The most bullish and bearish price target for the stock is $34 and $26 respectively for the short term. The average price target of all the analysts comes to $29.25. The estimated standard deviation from the target is $3.95. The stock has recorded a 20-day Moving Average of 3% and the 50-Day Moving Average is 0.66%.

Pegasystems (NASDAQ:PEGA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.38 and $26.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.53, notching a gain of 0.04% for the day. The total traded volume was 308,961 . The stock had closed at $26.52 on the previous day.

Pegasystems Inc. develops, markets, licenses and supports software applications, which is designed to assist clients in building, deploying and evolving enterprise applications. The Companys applications and platform intersect with and encompass several traditional software markets, including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management, which includes Predictive and Adaptive analytics, and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. The Company provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Company offers its services to financial services, healthcare, insurance, communications and media, public sector, manufacturing and life sciences markets.

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