TMCnet News
Stock to Watch: TeleCommunication Systems Up 5.3% (TSYS)Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- TeleCommunication Systems (NASDAQ:TSYS) is one of today's best performing low-priced stocks, up 5.3% to $2.38 on 3.4x average daily volume. Thus far today, TeleCommunication Systems has traded 802,000 shares, vs. average volume of 237,000 shares per day. The stock has outperformed the Dow (5.3% to the Dow's 0.9%) and outperformed the S&P 500 (5.3% to the S&P's 0.8%) during today's trading. In the past 52 weeks, TeleCommunication Systems share prices have been bracketed by a low of $1.10 and a high of $3.09 and are now at $2.38, 116% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant. TeleCommunication Systems, Inc. develops network applications that enable the delivery of Internet content, short messages, and enhanced data communication services to a variety of wireless devices. The Company's wireless Internet gateway enables wireless carriers and enterprises to provide customers and employees with real-time, wireless access to Internet content and e-mail. Potential upside of 68.1% exists for TeleCommunication Systems, based on a current level of $2.38 and analysts' average consensus price target of $4.00. TeleCommunication Systems shares should encounter resistance at the 50-day moving average (MA) of $2.40 and support at its 200-day MA of $1.92. SmarTrend is tracking the current trend status for TeleCommunication Systems and will alert subscribers who have TSYS in their portfolio or watchlist when shares have changed trend direction. 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 |