Technical Briefing on Pitney Bowes, VeriFone Systems, Avery Dennison, Sony, and Harman Intl. Industries

LONDON, April 5, 2013 /PRNewswire/ --

Markets continued their rollercoaster ride with another up day. All the major indices partially recovered their previous losses. Equities looked strong in anticipation of the upcoming U.S. payroll data reports. The markets are likely to remain under pressure on account of international geopolitical concerns, especially the North Korea standoff. Our research team looked at Consumer Goods companies within the Business Equipment and Electronic Equipment spaces such as Pitney Bowes Inc. (NYSE: PBI), VeriFone Systems Inc. (NYSE: PAY), Avery Dennison Corp. (NYSE: AVY), Sony Corporation (NYSE: SNE) and Harman International Industries Inc. (NYSE: HAR). StockCall has posted free technical research reports on PBI, PAY, AVY, SNE, and HAR and these can be accessed by signing up at

Pitney Bowes Inc. ended its latest trading session at $14.48, up 0.77 percent from its previous close. With its latest upward movement, the stock is now up 39.1 percent on a YTD basis, while its 52-week loss stands at 17.63 percent. The company oscillated in the range of $14.38 and $14.59 during yesterday's session. It traded 3.05 million shares and shows a mild bullish trend. The stock may touch $15.51 in the coming trading sessions. Upon breaching this level, its next resistance level is at $16.77. Download the free report on PBI upon registration at

VeriFone Systems Inc. gained in Thursday's trading session. The stock closed 1.86 percent higher at $20.80 with below average volume of 2.87 million shares, showing a bullish trend. VeriFone has its first support level at $20.57. Upon breaching this level, its next support level is at $18.24. The Business Equipment company is currently trading near its 52-week low of $17.93, while its 52-week high stands at $55.89. PAY commands market capitalization of $2.25 billion. VeriFone Systems is also trading above its short-term average price of $20.78, further confirming a bullish trend. PAY technical report can be accessed for free by signing up at

Avery Dennison Corp. is currently trading above its 20-day and 50-day moving average price and is in a bullish mode. It also ended its latest trading session 0.60 percent higher at $41.82, further confirming the trend. Avery Dennison exchanged 900,357 shares during the session. The stock has outperformed the broader markets and has gained 21.57 percent so far this year. However, it is likely to go up to $42.31 in the coming trading sessions. Its second resistance level is at $43.56. Avery Dennison commands market capitalization of $4.18 billion. Free report on AVY can be accessed by registering at

Sony Corporation closed its Thursday's trading session with steep upward movement, accompanied with above average volume. The stock ended at $17.00, up 3.47 percent from its previous close. It traded in the range of $16.48 and $17.11 during yesterday's session. Sony is highly volatile as it commands beta of 1.64. The stock has gained 54.41 percent on a YTD basis while its 52-week loss stands at 18.15 percent. Register with StockCall and download the research on SNE for free at

Harman International Industries Inc. closed its latest trading session at $42.70, up 1.09 percent. The stock made an upward movement with above average volume of 731,470 shares on Thursday. Harman trades at Price/Earnings ratio of 9.43, making the stock an inexpensive proposition. However, the stock declined 1.43 percent this year. What's more, it also declined 8.78 percent in the past 52 weeks. Read the full free research on HAR by signing up to StockCall at

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