[May 17, 2013] Hot Stock: DragonWave, Shares Gain 5.2% (DRWI) Tweet May 17, 2013 (SmarTrend(R) Spotlight via COMTEX) -- DragonWave (NASDAQ:DRWI) is one of today's best performing low-priced stocks, up 5.2% to $2.44 on 1.2x average daily volume. DragonWave has traded 242,000 shares thus far today, vs. average volume of 203,000 shares per day. The stock has outperformed the Dow (5.2% to the Dow's 0.4%) and outperformed the S&P 500 (5.2% to the S&P's 0.5%) during today's trading. DragonWave (NASDAQ:DRWI) defies analysts with a current price ($2.44) 24.8% above its average consensus price target of $1.83. The stock should find initial support at its 200-day moving average (MA) of $2.24 and further support at its 50-day MA of $1.86. 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. In the past 52 weeks, DragonWave share prices have been bracketed by a low of $1.37 and a high of $5.46 and are now at $2.44, 79% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 0.2%. SmarTrend recommended that subscribers consider buying shares of DragonWave on May 2nd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.20. Since that recommendation, shares of DragonWave have risen 5.5%. 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 [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 [ Back To TMCnet.com's Homepage ]