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Hot Stock: DragonWave, Shares Drop 20.2% (DRWI)
[January 10, 2013]

Hot Stock: DragonWave, Shares Drop 20.2% (DRWI)

Jan 10, 2013 (SmarTrend(R) Spotlight via COMTEX) -- DragonWave (NASDAQ:DRWI) is one of today's worst performing low-priced stocks, down 20.2% to $2.73 on 1.9x average daily volume. DragonWave has traded 714,000 shares thus far today, vs. average volume of 366,000 shares per day. The stock has underperformed the Dow (-20.2% to the Dow's 0.0%) and underperformed the S&P 500 (-20.2% to the S&P's 0.2%) during today's trading.

DragonWave Inc. provides wireless Ethernet equipment for use in IP networks. The Company designs, develops, and markets carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video, and other data.

Based on a current price of $2.73, DragonWave is currently 15.7% above its average consensus analyst price target of $2.30. The stock should hit resistance at its 200-day moving average (MA) of $2.85, as well as support at its 50-day MA of $2.53.

Over the past year, DragonWave has traded in a range of $1.75 to $5.46 and is now at $2.73, 56% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.8%.

SmarTrend recommended that subscribers consider buying shares of DragonWave on November 30th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.32. Since that recommendation, shares of DragonWave have risen 47.4%. We continue to monitor DRWI 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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