Enviado: 17/10/2011 11:35Novatel Wireless (NASDAQ:NVTL) has potential upside of 76.1% based on a current price of $3.18 and analysts' consensus price target of $5.60.
Possible Bullish Engulfing Pattern Detected for Novatel Wireless (NASDAQ:NVTL)
http://www.fnno.com/story/candlestick/3 ... andlestick
Analysts have spotted a possible bullish engulfing pattern in Novatel Wireless (NASDAQ:NVTL) based on the price action in the company’s shares. Yesterday, Novatel Wireless traded 246,000 shares vs. average volume of 419,000 shares per day. The company traded 509,000 shares on Monday. Heavy volume increases the reliability of this bullish candlestick pattern.
In the past 52 weeks, Novatel Wireless share prices have been bracketed by a low of $2.81 and a high of $11.53 and are now at $3.18, 13% above that low price. The 200-day and 50-day moving averages have moved 1.58% lower and 3.64% lower over the past week, respectively.
Novatel Wireless, Inc. provides wireless data communications access solutions. The Company provides wireless data modems and software for use with handheld computing devices and portable personal electronics. Novatel also offers provisioning, activation, and systems integration services to its customers to facilitate use of its products.
Novatel Wireless (NASDAQ:NVTL) has potential upside of 76.1% based on a current price of $3.18 and analysts' consensus price target of $5.60. Novatel Wireless shares should first meet resistance at the 50-day moving average (MA) of $3.58 and find additional resistance at the 200-day MA of $5.54.
[/b]
Possible Bullish Engulfing Pattern Detected for Novatel Wireless (NASDAQ:NVTL)
http://www.fnno.com/story/candlestick/3 ... andlestick
Analysts have spotted a possible bullish engulfing pattern in Novatel Wireless (NASDAQ:NVTL) based on the price action in the company’s shares. Yesterday, Novatel Wireless traded 246,000 shares vs. average volume of 419,000 shares per day. The company traded 509,000 shares on Monday. Heavy volume increases the reliability of this bullish candlestick pattern.
In the past 52 weeks, Novatel Wireless share prices have been bracketed by a low of $2.81 and a high of $11.53 and are now at $3.18, 13% above that low price. The 200-day and 50-day moving averages have moved 1.58% lower and 3.64% lower over the past week, respectively.
Novatel Wireless, Inc. provides wireless data communications access solutions. The Company provides wireless data modems and software for use with handheld computing devices and portable personal electronics. Novatel also offers provisioning, activation, and systems integration services to its customers to facilitate use of its products.
Novatel Wireless (NASDAQ:NVTL) has potential upside of 76.1% based on a current price of $3.18 and analysts' consensus price target of $5.60. Novatel Wireless shares should first meet resistance at the 50-day moving average (MA) of $3.58 and find additional resistance at the 200-day MA of $5.54.
[/b]
