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TMCNet:  Novatel Wireless Up 6.6%, Shares Break Through Resistance (NVTL)

[January 15, 2013]

Novatel Wireless Up 6.6%, Shares Break Through Resistance (NVTL)

Jan 15, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Novatel Wireless (NASDAQ:NVTL) is one of today's best performing low-priced stocks, up 6.6% to $1.43 on 1.6x average daily volume. Thus far today, Novatel Wireless has traded 676,000 shares, vs. average volume of 422,000 shares per day. The stock has outperformed the Dow (6.6% to the Dow's -0.2%) and outperformed the S&P 500 (6.6% to the S&P's -0.2%) during today's trading.


Novatel Wireless (NASDAQ:NVTL) has potential upside of 12.6% based on a current price of $1.43 and analysts' consensus price target of $1.61. Novatel Wireless shares should encounter resistance at the 200-day moving average (MA) of $2.07 and support at the 50-day MA of $1.38.

Over the past year, Novatel Wireless has traded in a range of $1.17 to $3.69 and is now at $1.43, 22% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 1.4%.

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.

SmarTrend recommended that its subscribers protect gains by selling shares of Novatel Wireless on September 5th, 2012 by issuing a Downtrend alert when the shares were trading at $1.98. Since that call, shares of Novatel Wireless have fallen 32.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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