March 13, 2013 at 08:00 AM EDT
Technical Briefing on Autodesk, Sina, Mentor Graphics, VirnetX, and Parametric Technology

LONDON, March 13, 2013 /PRNewswire/ --

Markets saw a mild pullback after the past sessions of continuous upward movement on Tuesday. The Technology sector also corrected marginally with NASDAQ closing lower at 3,242.32, down 0.32 percent. S&P finished 0.24 percent down at 1,552.48, while The Dow Jones remained in green territory with a 0.02 percent gain to close at 14,450.06. Our research team took a look at Technology sector in general and selected the following major companies like Autodesk Inc. (NASDAQ: ADSK), Sina Corp. (NASDAQ: SINA), Mentor Graphics Corp. (NASDAQ: MENT), VirnetX Holding Corp. (NYSE: VHC) and PTC Inc. (NASDAQ: PMTC). StockCall has posted free technical research reports on ADSK, SINA, MENT, VHC, and PMTC and these can be accessed by signing up at

http://www.stockcall.com/analysis

Autodesk Inc. traded in the range of $39.72 and $40.44 in its latest trading session and ended Tuesday at $40.30, down 0.15 percent. The stock's 52 weeks range stands at $27.70 and $42.69. Autodesk has gained 9.48 percent of its value in the past 12 months, while it is up 15.18 percent so far this year. The company is in a bullish mode and may find its first support level at $40. It is trading above its 20-day moving average of $38.56. Download the free report on ADSK upon registration at

http://www.StockCall.com/ADSK031313.pdf  

Sina Corp.'s stock is in a neutral mode and is trading below its 20-day SMA of $48.48. It ended yesterday's trading session 2.79 percent down at $48.41, and it oscillated in the range of $48.25 and $4978 during Tuesday's session. The stock trades at Price/Earnings ratio of 83.47. Sina is expected to face its first resistance level at $49.50. The stock traded in the range of $41.14 and $80.80 in the past 52-week period. SINA technical report can be accessed for free by signing up at

http://www.StockCall.com/SINA031313.pdf

With a mild upward move in its previous trading session, Mentor Graphics Corp. is still bullish with a jump of 2.68 percent for the year. It has gained 13.85 percent in the past 52 weeks. The stock closed 0.17 percent higher at $17.26 on volume of 403,000 shares. Its average trading volume stands at 992,000 shares. The company's shares currently face resistance at around $17.53. The stock has support at around $17.04. It is currently trading above its 20-day and 50-day moving averages, which is a bullish signal. Free report on MENT can be accessed by registering at

http://www.StockCall.com/MENT031313.pdf

VirnetX Holding Corp.'s stock closed at $35.39, 5.86 percent up. The stock traded in the range of $32.87 and $35.75 during the session and is currently below it 20-day moving average price of $35.45. VirnetX gained 20.54 percent so far in 2013. Its beta is 1.69. The company's stock is in a bullish phase and its first resistance level is at $35.93. On the downside, its first support is at $34.56. Upon breaching this level, its second support level is at $32.79. Register with StockCall and download the research on VHC for free at

http://www.StockCall.com/VHC031313.pdf

PTC Inc. traded in the range of $25.50 and $25.91 during its previous trading session. It opened at $25.72 and closed at $25.89, up 0.23 percent yesterday. The stock is currently in a bullish mode and has its first resistance level at $26.05. Upon breaching this level, the company may go as high as $26.30. It traded 954,000 shares and is above its 20-day moving average price. Read the full free research on PMTC by signing up to StockCall at

http://www.StockCall.com/PMTC031313.pdf

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