[February 05, 2010] Leap Wireless International Bearish Moving Average Crossover Alert (LEAP) Tweet Feb 05, 2010 (SmarTrend(R) Market Surveillance via COMTEX) -- Today, shares of Leap Wireless International (NASDAQ:LEAP) have crossed bearishly below their 10-day moving average of $13.89 on volume of 1 million shares. This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation. SmarTrend issued a Downtrend Alert for Leap Wireless International on January 12, 2010 at $15.09. In approximately 3 weeks, Leap Wireless International has returned 9.3% as of today's recent price of $13.69. We will continue to monitor LEAP's share price relative to this moving average. 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 [ Back To TMCnet.com's Homepage ]