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Panasonic Up 5.6%, Shares Break Through Resistance (PC)
[November 15, 2012]

Panasonic Up 5.6%, Shares Break Through Resistance (PC)

Nov 15, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Panasonic (NYSE:PC) is one of today's best performing low-priced stocks, up 5.6% to $4.89 on 1.5x average daily volume. Panasonic has traded 637,000 shares thus far today, vs. average volume of 425,000 shares per day. The stock has outperformed the Dow (5.6% to the Dow's -0.2%) and outperformed the S&P 500 (5.6% to the S&P's -0.2%) during today's trading.

Panasonic Corporation manufactures electric and electronic products. The Company produces home appliances, audio & video, computer peripherals, telecommunications, industrial equipment, and electronic parts. Panasonic has associated companies around the world.

Potential upside of 69.9% exists for Panasonic, based on a current level of $4.89 and analysts' average consensus price target of $8.31. Panasonic shares should first meet resistance at the 50-day moving average (MA) of $6.55 and find additional resistance at the 200-day MA of $7.48.

Panasonic share prices have moved between a 52-week high of $9.56 and a 52-week low of $4.61 and are now trading 6% above that low price at $4.89 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Panasonic on October 9th, 2012 by issuing a Downtrend alert when the shares were trading at $6.23. Since that call, shares of Panasonic have fallen 25.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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