Unified Communications Industry News

TMCNet:  Clearwire Rises 7.19% on Heavy Volume: Watch For Potential Pullback

[January 09, 2013]

Clearwire Rises 7.19% on Heavy Volume: Watch For Potential Pullback

Jan 09, 2013 (SmarTrend(R) News Watch via COMTEX) -- Clearwire (NASDAQ:CLWR) traded in a range yesterday that spanned from a low of $3.12 to a high of $3.15. Yesterday, the shares gained 7.2%, which took the trading range above the 3-day high of $2.92 on volume of 84.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Clearwire share prices have moved between a 52-week high of $3.40 and a 52-week low of $0.83 and are now trading 277% above that low price at $3.13 per share. The 200-day and 50-day moving averages have moved 0.44% higher and 2.49% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Clearwire on December 4th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.47. Since that recommendation, shares of Clearwire have risen 18.2%. We continue to monitor CLWR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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