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Hot Stock: Clearwire, Shares Gain 7.4% (CLWR)
[January 09, 2013]

Hot Stock: Clearwire, Shares Gain 7.4% (CLWR)

Jan 09, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Clearwire (NASDAQ:CLWR) is one of today's best performing low-priced stocks, up 7.4% to $3.14 on 2.4x average daily volume. Clearwire has traded 65.2 million shares thus far today, vs. average volume of 27.2 million shares per day. The stock has outperformed the Dow (7.4% to the Dow's 0.6%) and outperformed the S&P 500 (7.4% to the S&P's 0.4%) during today's trading.

Based on a current price of $3.13, Clearwire is currently 18.7% above its average consensus analyst price target of $2.55. The stock should find initial support at its 50-day moving average (MA) of $2.47 and further support at its 200-day MA of $1.74.

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 278% above that low price at $3.13 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.5%.

Clearwire Corporation provides wireless broadband services. The Company operates a wireless network in the United States as well as other countries.

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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