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Watch for Shares of RadioShack (RSH) to Approach Support at $3.27
[June 13, 2013]

Watch for Shares of RadioShack (RSH) to Approach Support at $3.27

Jun 13, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of RadioShack (NYSE:RSH) opened today below their pivot of $3.52 and have already reached the first level of support at $3.36. Should the shares continue to fall, the support pivots of $3.27 and $3.03 will be of interest.

In the past 52 weeks, RadioShack share prices have been bracketed by a low of $1.90 and a high of $4.49 and are now at $3.34, 76% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

RadioShack (NYSE:RSH) is currently priced 22.3% above its average consensus analyst price target of $2.60. The stock should find resistance at its 50-day moving average (MA) of $3.50, as well as support at its 200-day MA of $2.83.

SmarTrend recommended that subscribers consider buying shares of RadioShack on January 25th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.50. Since that recommendation, shares of RadioShack have risen 37.9%. We continue to monitor RSH 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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