Two Software Stocks on Different Paths

Concur Technologies (CNQR) provides companies with cloud computing travel and management solutions, and similarly, PROS Holdings (PRO) provides customers in the space with software applications. The charts of the two companies, however, show their stock prices potentially heading in different directions.

Concur Technologies had been trading in a downtrending channel for the last month, dipping briefly below its 50-day moving average. Last week, it recaptured that average and broke above channel resistance, and in the process, the relative strength indicator crossed above its centerline and 21-period signal average, and moving-average convergence/divergence made a bullish crossover. Volume confirmed the breakout, and the money-flow index, a relative strength measure of money flow, is crossing above its signal average and centerline. Positive price action and positive money flow after a breakout suggest that the move has some legs, and a conventional target price projection takes out the May highs....165 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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