Stock Trading News on (FLEX, ADBE, VVUS)

Stock of Flextronics International limited (NASDAQ: FLEX) was up by 4% in the morning trade. The stock was trading at $6.77 up by 25 cents. The stock witnessed an intraday high of $6.79 and an intraday low of $6.55. Today, stock has crossed its 50-day moving average of $6.55 with a volume of 6 million shares compared to an average volume of 9 million shares traded on the exchange. The stock is having a market capitalization of $5.52 billion. If the stock again breaks its 50-day moving average investors may sell their holding. Last checked, stock was trading at $6.83 up by 31 cents. It is an electronic manufacturing service provider that provides services to original equipment manufacturer.

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Stock of software giant Adobe system international (NASDAQ: ADBE) was trading flat in the morning trade. The stock was marginally up by 11 cents or 0.39% and was trading at $28.22. Yesterday, the stock has crossed its major resistance of $27.37 after breaking out with huge volume. Today, the stock witnessed an intraday high of $28.42 and an intraday low of $28. The stock is trading with a volume of 3 million shares compared to an average volume of 10 million shares on the exchange. Recently, JMS equity research has maintained their ‘buy’ rating on the stock with a target price of $35. The stock is trading below its 50-day moving averages and its 200-day moving average of $31.49 and $34.12 respectively.

Stock of biopharmaceutical company VIVUS, Inc (NASDAQ: VVUS) was up by 2.41% or 30 cents in the morning trade and was trading at $12.75. The stock witnessed an intraday high of $12.98 and an intraday low of $12.48. Leerink has upgraded its rating on the stock to ‘outperform’ from ‘market perform’ resulting a volume of 7 million shares traded on the exchange compared to an average volume of 5.5 million shares. The stock price target has been also raised from $16 to $18 citing a growth in the earnings by 68% in coming year. The stock is trading above its 50-day moving average and its 200-day moving average of $11.28 and $9.58 respectively.

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