TMCnet News
Downgrade Alert for NII Holdings (NIHD)Feb 07, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- NII Holdings (NASDAQ:NIHD) was downgraded from Neutral to Underweight at JP Morgan today. The stock closed yesterday at $6.38 on volume of 3.9 million shares, below average daily volume of 4.2 million. Potential upside of 67.1% exists for NII Holdings, based on a current level of $5.92 and analysts' average consensus price target of $9.89. The stock should find initial resistance at its 50-day moving average (MA) of $6.36 and further resistance at its 200-day MA of $8.25. In the past 52 weeks, NII Holdings share prices have been bracketed by a low of $4.75 and a high of $24.32 and closed yesterday at $5.92, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.3% while the 50-day MA has advanced 1.0%. NII Holdings Inc., provides mobile communications for business customers in Latin America. The Company has operations in Argentina, Brazil, Chile, Mexico, and Peru, offering a fully integrated wireless communications tool with digital cellular service, text/numeric paging, wireless internet access, and Nextel DirectConnect, a digital two-way radio feature. SmarTrend is monitoring the recent change of momentum in NII Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NII Holdings in search of a potential trend change. 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 |