Qlik Technologies (QLIK) Shares are Up 0.46%

Qlik Technologies (QLIK) : Traders are bullish on Qlik Technologies (QLIK) as it has outperformed the S&P 500 by a wide margin of 1.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.49%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.46% in the last 1 week, and is up 1.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Qlik Technologies, Inc. has dropped 1.45% during the last 3-month period . Year-to-Date the stock performance stands at -3.66%. The stock has recorded a 20-day Moving Average of 0.79% and the 50-Day Moving Average is 1.62%.


Qlik Technologies (NASDAQ:QLIK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.48 and $30.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.50, notching a gain of 0.07% for the day. The total traded volume was 3,271,964 . The stock had closed at $30.48 on the previous day.

Also, Jefferies downgrades their rating on the shares of Qlik Technologies (NASDAQ:QLIK). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm lowers the price target to $30.5 per share from $38 per share. The rating by the firm was issued on July 18, 2016.

Qlik Technologies Inc. is a provider of user-driven, business intelligence (BI) solutions. The Company is engaged in the development, commercialization and implementation of software products and related services. The Companys core solution for guided analytics is QlikView, which allows people create and share insights and analysis in groups and across organizations. The Companys QlikView Desktop is a Windows application that enables the user to load data from disparate sources. QlikView Expressor provides a graphical studio for designing and managing data integration for QlikView apps. QlikView NPrinting is a report generation, distribution and scheduling application for QlikView. Qlik Sense is self-service data visualization and analysis application. Qlik Sense Desktop allows users to connect to any underlying data source, load data, build user interfaces and conduct interactive analyses of their data.

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