Mar 28, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Alternative Carriers industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Towerstream ranks highest with a a beta of 1.8. Following is Vonage with a a beta of 1.6. Premiere Global Services ranks third highest with a a beta of 1.3.
Level 3 Communications follows with a a beta of 1.2, and Cogent Communications rounds out the top five with a a beta of 1.2.
SmarTrend recommended that subscribers consider buying shares of Towerstream on December 2nd, 2011 as our technology indicated a new Uptrend was in progress when shares hit $2.51. Since that recommendation, shares of Towerstream have risen 57.7%. We continue to monitor Towerstream for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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