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Stock to Watch: Nokia Down 11.7% (NOK)Apr 18, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Nokia (NYSE:NOK) is one of today's worst performing low-priced stocks, down 11.7% to $3.16 on 2.5x average daily volume. Nokia has traded 96.8 million shares thus far today, vs. average volume of 38.9 million shares per day. The stock has underperformed the Dow (-11.7% to the Dow's -0.0%) and underperformed the S&P 500 (-11.7% to the S&P's -0.1%) during today's trading. 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. There is potential upside of 31.7% for shares of Nokia based on a current price of $3.16 and an average consensus analyst price target of $4.16. The stock should find initial resistance at its 200-day moving average (MA) of $3.17 and further resistance at its 50-day MA of $3.59. Nokia share prices have moved between a 52-week high of $4.90 and a 52-week low of $1.63 and are now trading 94% above that low price at $3.16 per share. The 200-day and 50-day moving averages have moved 0.61% higher and 0.76% lower over the past week, respectively. SmarTrend is tracking the current trend status for Nokia and will alert subscribers who have NOK in their portfolio or watchlist when shares have changed trend direction. 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 |