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After Yesterday's Decline of 1.65%, Nokia Offers Investors Better Value
[February 26, 2013]

After Yesterday's Decline of 1.65%, Nokia Offers Investors Better Value

Feb 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 --------------------------------------------------------------------------------------------- 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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