SAP SE (SAP) : Traders are bullish on SAP SE (SAP) as it has outperformed the S&P 500 by a wide margin of 12.78% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.55%, 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 3.48% in the last 1 week, and is up 16.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 9.47% and the 50-Day Moving Average is 10.58%. SAP SE is up 13.05% in the last 3-month period. Year-to-Date the stock performance stands at 12.36%.
SAP SE (NYSE:SAP): stock turned positive on Friday. Though the stock opened at $87.56, the bulls momentum made the stock top out at $87.78 level for the day. The stock recorded a low of $87.14 and closed the trading day at $87.39, in the green by 0.98%. The total traded volume for the day was 1,801,572. The stock had closed at $86.54 in the previous days trading.
SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform combines database, data processing, and application platform capabilities in-memory. It also provides capabilities, such as predictive text analytics, spatial processing and data virtualization. The Company offers application software to around 25 industries in six industry sectors and 12 business lines, including consumer, discrete manufacturing, energy and natural resources, financial services, public services and other services. Through Sapphire Ventures, Sapphire Ventures invests in global companies, as well as early-stage venture capital funds in enterprise and consumer technology.