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Earnings Flashback: Since Reporting Quarterly Results 2 Weeks Ago Sierra Wireless Is Up 15.2% (SWIR)May 21, 2012 (SmarTrend(R) News Watch via COMTEX) -- When Sierra Wireless (NASDAQ:SWIR) reported earnings 18 days ago on May 3rd, 2012, analysts, on average, expected the company to report earnings of $0.08 on sales of $145.4 million. Sierra Wireless actually reported earnings of $0.16 per share on sales of $150.3 million, beating EPS estimates by $0.08 and beating revenue estimates by $4.8 million. Since the company's report, shares of Sierra Wireless have risen from $7.03 to $8.10, representing a gain of 15.2% in the past 18 days. Over the past year, Sierra Wireless has traded in a range of $6.02 to $12.37 and is now at $8.10, 35% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.7%. SmarTrend recommended that subscribers consider buying shares of Sierra Wireless on May 4th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.58. Since that recommendation, shares of Sierra Wireless have risen 6.9%. We continue to monitor SWIR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |