After review of last three trading sessions the following stocks have been rated +70 or more using the trade triangle analysis. Based on a pre-defined weighted trend formula for chart analysis, these stocks were rated from -100 (strong downtrend) to +100 (strong uptrend).
Nokia Corporation (NYSE: NOK): Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Total Score +90
In the last 30 days, Nokia Corporation’s share rallied from $2.67 all the way to $3.88. The company has recently changed platforms to Windows. Since Nokia has virtually no presence in the North American market, there are some real opportunities for the company there. Nokia already has a strong presence in emerging markets like India and China, and it has a whole range of price points so that the company can have price offerings in places around the world.
Use the Free Trade Triangle Smart Chart Scan to keep track of NOK’s trend here:
Clearwire Corporation (NASDAQ: CLWR): Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Total Score +90
Sprint Nextel Corporation and Clearwire Corporation are reportedly closer to an agreement through which Sprint would purchase the approximate 49 percent of the firm it doesn’t already own, say inside sources, who add that a completed deal is not yet imminent and could still fall apart from complications such as Sprint’s pending arrangement to sell a majority interest to Softbank Corp
CLWR’s shares traded from below $2.40 to $2.75 in the last 5 trading sessions and have seen some strong uptrend momentum following news regarding talks about its potential acquisition by Sprint Nextel.
Use the Free Trade Triangle Smart Chart Scan to keep track of CLWR’s trend here:
Stearns Research is a New York based independent research firm specializing in providing investors and traders with tools to help analyze, research and scan for trading ideas. Stearns Research also provides extensive research reports for Small Cap companies looking to increase investor awareness through electronic media.
Disclosure: Stearns Research does not own any shares in any of the companies mentioned above nor does any of its employees, shareholders or affiliates.
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