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Hot Stock: Nokia, Shares Gain 17.3% (NOK)Jan 10, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Nokia (NYSE:NOK) is one of today's best performing low-priced stocks, up 17.3% to $4.40 on 3.2x average daily volume. Nokia has traded 186.1 million shares thus far today, vs. average volume of 59.0 million shares per day. The stock has outperformed the Dow (17.3% to the Dow's 0.0%) and outperformed the S&P 500 (17.3% to the S&P's 0.2%) during today's trading. Nokia (NYSE:NOK) is currently priced 37.8% above its average consensus analyst price target of $2.74. The stock should discover initial support at its 50-day moving average (MA) of $3.43 and subsequent support at its 200-day MA of $3.07. In the past 52 weeks, shares of Nokia have traded between a low of $1.63 and a high of $5.87 and are now at $4.40, which is 170% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 2.4%. Nokia Corporation is a player in the mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks. 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 16.3%. 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 |