DALLAS, Texas - TwinTrader.com announces the publication of Breakout for AGYS; highlighting public companies on the move and what’s behind the surge.
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“Agilysys Inc. and its subsidiaries provide information technology (IT) solutions to corporate and public-sector customers. The company's products include enterprise servers, data storage hardware, systems infrastructure software and networking equipment. It serves various industries, including manufacturing, finance, healthcare, education, government, transportation, retail and hospitality. The company engages in designing and implementing hardware, software, and service solutions for the supermarket, chain drug and general retail marketplace in the retail industry; and provides proprietary software solutions to automate functions for customers, including hotels, casinos, resorts, conference centers, condominiums, golf courses and spas in the hospitality industry…
“Revenue for the first quarter increased 43.4% to $184.1 million, compared with $128.4 million in the first quarter of fiscal 2008. Organic revenue was $120.2 million, a decrease of 4.9% compared with the first quarter of fiscal 2008…
“AGYS’s chart shows the stock may be reversing its downward trend long enough to affect the crossing of the 50-day MA through the 200-day MA. The breakout above $12.50 coincided with a breakout above the 200-day MA, attracting technical buying and short-covering trades. RSI is still reading neutral and the MACD is bullish...”
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