SAP SE (SAP) : Traders are bullish on SAP SE (SAP) as it has outperformed the S&P 500 by a margin of 6.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.29%, 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 6.94% in the last 1 week, and is up 14.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
SAP SE (NYSE:SAP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.94 and $83.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $84.45, notching a gain of 0.30% for the day. The total traded volume was 1,513,408 . The stock had closed at $84.20 on the previous day.
The stock has recorded a 20-day Moving Average of 9.29% and the 50-Day Moving Average is 7.99%. SAP SE is up 7.09% in the last 3-month period. Year-to-Date the stock performance stands at 8.58%.
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.