TMCnet News
Downgrade Alert for Clearwire (CLWR)Aug 22, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Clearwire (NASDAQ:CLWR) was downgraded from Sector Perform to Underperform at RBC Capital today. The stock closed yesterday at $1.81 on volume of 14.6 million shares, above average daily volume of 10.8 million. Clearwire Corporation provides wireless broadband services. The Company operates a wireless network in the United States as well as other countries. There is potential upside of 28.9% for shares of Clearwire based on a current price of $1.80 and an average consensus analyst price target of $2.32. Clearwire shares have support at the 200-day moving average (MA) of $1.70 and additional support at the 50-day MA of $1.24. In the past 52 weeks, shares of Clearwire have traded between a low of $0.83 and a high of $3.50 and closed yesterday at $1.80, which is 117% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 3.0%. SmarTrend recommended that subscribers consider buying shares of Clearwire on August 2nd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.19. Since that recommendation, shares of Clearwire have risen 51.9%. 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 [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 |