TMCnet News
After Yesterday's Decline of 1.65%, Nokia Offers Investors Better ValueFeb 26, 2013 (SmarTrend(R) News Watch via COMTEX) -- Nokia (NYSE:NOK) traded in a range yesterday that spanned from a low of $3.54 to a high of $3.68. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $3.61 on volume of 51.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. Nokia share prices have moved between a 52-week high of $5.57 and a 52-week low of $1.63 and are now trading 119% above that low price at $3.57 per share. The 200-day and 50-day moving averages have moved 0.20% higher and 0.08% lower over the past week, respectively. SmarTrend recommended that subscribers consider buying shares of Nokia on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.23. Since that recommendation, shares of Nokia have risen 12.6%. We continue to monitor NOK 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 |