This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Clearwire(CLWR) is a provider of fourth-generation wireless broadband services. This stock is trading up 8.3% to $1.29 in recent trading.
Today's Range: $1.20-$1.31
52-Week Range: $1.00-$4.77
Volume: 18.2 million
Three-Month Average Volume: 16 million
From a technical perspective, CLWR is bouncing hard here off of oversold conditions. This stock has plunged in the last two months from a high of $2.48 to a low of $1.00. That low pushed CLWR into extremely oversold conditions since its relative strength index was hitting readings well below 30.
Traders should now look for long-biased trades if CLWR can trigger a near-term breakout trade above $1.38 to $1.57 with high-volume. Look for a sustained move or close above those levels on volume that's near or above 15,997,300 shares. If we get that action soon, then CLWR could easily hit its 50-day moving average of $1.80 or possibly much higher.
I would avoid any long trades in CLWR if it failed to trigger that move, and then dropped below some near-term support at $1.20 with high-volume.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.