Despite a less than stellar payrolls growth in July U.S. markets edged higher Friday. On Friday, the U.S. Labor Department reported 162,000 jobs were added in July, which was below economists' median forecast of 183,000, while the unemployment fell to 7.4 percent. The lower than anticipated jobs growth bolstered speculation that the Federal Reserve would continue on with its stimulus measures. "This isn’t a disaster of a report but it shows the U.S. remains vulnerable to a slower economic-growth performance," said Julia Coronado, BNP Paribas’ chief economist for North America. "This isn’t the kind of progress the Fed would like to see. At the margin, it keeps them cautious."
Active Network Inc. (NYSE: ACTV) shares traded in the range of $9.10 to $10.85 Friday before settling to close at $10.33, an increase of 24.31 percent. The stock appears to have some support at the $9.10 and $8.64 levels. The company has stated that it has received proposals to acquire or make an investment in the company. Shares of the Active Network have gained approximately 110.0 percent year-to-date.
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Ellie Mae Inc. (NYSE: ELLI) shares traded in the range of $24.37 to $28.11 Friday before settling to close at $28.00, an increase of 16.04 percent. The stock appears to have some support at the $26.14 and $25.36 levels. The company reported revenues were $34.3 million for the second quarter of 2013, an increase of 45.0 percent year-over-year.
More information on Ellie Mae and access to the free equity report can be found at:
Maxwell Technologies Inc. (NASDAQ: MXWL) shares traded in the range of $8.10 to $9.84 Friday before settling to close at $9.43, an increase of 17.73 percent. The stock appears to be facing some resistance at $10.68 with some support at the $8.72 and $7.89 levels. On Friday, the company completed the restatement of its financial results. Shares of Maxwell Technologies have gained approximately 13.6 percent year-to-date.
More information on Maxwell Technologies and access to the free equity report can be found at:
Servicesource International Inc. (NASDAQ: SREV) shares traded in the range of $11.40 to $13.03 Friday before settling to close at $12.67, an increase of 19.08 percent. The stock appears to be facing some resistance at # 12.90 with some support at the $11.63 and $11.24 levels. The company reported revenues were $67.7 million for the second quarter of 2013, an increase of 13.0 percent year-over-year. Shares of Servicesource International have gained approximately 115.0 percent year-to-date.
More information on Servicesource International and access to the free equity report can be found at:
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