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Hot Stock: Nokia, Shares Gain 5.6% (NOK)Aug 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Nokia (NYSE:NOK) is one of today's best performing low-priced stocks, up 5.6% to $3.04 on 1.3x average daily volume. Thus far today, Nokia has traded 67.8 million shares, vs. average volume of 50.6 million shares per day. The stock has outperformed the Dow (5.6% to the Dow's -1.0%) and outperformed the S&P 500 (5.6% to the S&P's -0.9%) during today's trading. Nokia (NYSE:NOK) defies analysts with a current price ($3.04) 22.1% above its average consensus price target of $2.37. The stock should hit resistance at its 200-day moving average (MA) of $4.13, as well as support at its 50-day MA of $2.26. In the past 52 weeks, shares of Nokia have traded between a low of $1.63 and a high of $7.38 and are now at $3.04, which is 87% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 0.2%. Nokia Corporation is a player in the mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks. SmarTrend recommended that subscribers consider buying shares of Nokia on July 31st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.33. Since that recommendation, shares of Nokia have risen 23.9%. We continue to monitor NOK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |