TMCNet:  Hot Stock: Clearwire, Shares Gain 7.4% (CLWR)

[January 09, 2013]

Hot Stock: Clearwire, Shares Gain 7.4% (CLWR)

Jan 09, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Clearwire (NASDAQ:CLWR) is one of today's best performing low-priced stocks, up 7.4% to $3.14 on 2.4x average daily volume. Clearwire has traded 65.2 million shares thus far today, vs. average volume of 27.2 million shares per day. The stock has outperformed the Dow (7.4% to the Dow's 0.6%) and outperformed the S&P 500 (7.4% to the S&P's 0.4%) during today's trading.


Based on a current price of $3.13, Clearwire is currently 18.7% above its average consensus analyst price target of $2.55. The stock should find initial support at its 50-day moving average (MA) of $2.47 and further support at its 200-day MA of $1.74.

Clearwire share prices have moved between a 52-week high of $3.40 and a 52-week low of $0.83 and are now trading 278% above that low price at $3.13 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.5%.

Clearwire Corporation provides wireless broadband services. The Company operates a wireless network in the United States as well as other countries.

SmarTrend recommended that subscribers consider buying shares of Clearwire on December 4th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.47. Since that recommendation, shares of Clearwire have risen 18.2%. We continue to monitor CLWR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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