Top 5 Defensive Stocks To Buy Right Now

Top 5 Defensive Stocks To Buy Right Now: Open Text Corporation (OTEX)

Open Text Corporation develops, markets, sells, licenses, and supports enterprise content management (ECM) solutions primarily in North America and Europe. The company?s ECM software and solutions enable customers to manage various types of enterprise content, including business documents, Web content, records, digital assets, email, forms and reports, forums, blogs, wikis, and real time instant messaging and collaboration. Its ECM solutions comprise various components, including document management, which provides repository for business documents, such as Microsoft office, CAD, and PDF; collaboration that offers tools designed to better facilitate people working with each other with content and processes; Web content management, which provides tools for authoring, maintaining, and administering sophisticated Web sites; and records management that enables control of the lifecycle of content objects by associating robust retention and disposition rules with each content as set. The company?s ECM solutions also provide email management services designed to enable the archiving, control, and monitoring of email; capture and delivery tools that provide the means of converting documents from analog sources; digital asset management; business process management services; content reporting tools for analyzing content and generating reports; and Open Text Everywhere that allows the Open Text ECM suite to be available via mobile devices. In addition, it offers industry specific solutions for government, technology/manufacturing, energy, financial services, pharmaceutical and life sciences, legal, and media sectors. Additionally, the company provides learning, consulting, hosting, and customer support and training services. It has strategic alliances with Microsoft Corporation, Oracle Corporation, and SAP AG. The company was founded in 1991 and is headquartered in Waterloo, Canada.

Advisors' Opinion:

• [B! y Jake L'Ecuyer]

  Shares of Open Text (NASDAQ: OTEX) got a boost, shooting up 11.95 percent to $101.45 after the company reported upbeat Q2 results and announced a 2-for-1 stock split.

• [By Roberto Pedone]

  Open Text (OTEX) is engaged in providing a suite of information management software products. This stock closed up 1% at $67.93 in Monday's trading session.

  Monday's Volume: 736,000
  
  Three-Month Average Volume: 225,916
  
  Volume % Change: 198%

  From a technical perspective, OTEX trended modestly higher here right above some near-term support levels at $66 to $64.47 with above-average volume. This move is starting to push shares of OTEX within range of triggering a near-term breakout trade. That trade will hit if OTEX manages to take out its 50-day moving average at $69.63 with high volume.

  Traders should now look for long-biased trades in OTEX as long as it's trending above $66 or $65 and then once it sustains a move or close above its 50-day at $69.63 with volume that hits near or above 225,916 shares. If that breakout triggers soon, then OTEX will set up to re-test or possibly take out its next major overhead resistance levels at $72.44 to its 52-week high at $73.77.

• [By Michael Robinson]

  Open Text (OTEX)

  Known as one of the world's leading data management firms for large organizations, Open Text ranks as the biggest software company in Canada. A roster of A-list clients helps a great deal. Some of Open Text's stable of blue-chip clients include Coca-Cola, BP, and Visa.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-defensive-stocks-to-buy-right-now.html