Hot Stock: Parkervision, Shares Gain 6.1% (PRKR)

Jan 24, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Parkervision (NASDAQ:PRKR) is one of today's best performing low-priced stocks, up 6.1% to $2.61 on 1.4x average daily volume. Thus far today, Parkervision has traded 467,000 shares, vs. average volume of 322,000 shares per day. The stock has outperformed the Dow (6.1% to the Dow's 0.6%) and outperformed the S&P 500 (6.1% to the S&P's 0.3%) during today's trading.

Parkervision share prices have moved between a 52-week high of $3.25 and a 52-week low of $0.78 and are now trading 235% above that low price at $2.61 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.2%.

Potential upside of 233.3% exists for Parkervision, based on a current level of $2.61 and analysts' average consensus price target of $8.70. Parkervision shares have support at the 50-day moving average (MA) of $2.09 and additional support at the 200-day MA of $2.05.

ParkerVision, Inc. designs, develops, and markets solutions for wireless products. ParkerVision's solutions are based on its D2D technology.

SmarTrend recommended that subscribers consider buying shares of Parkervision on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.09. Since that recommendation, shares of Parkervision have risen 18.0%. We continue to monitor PRKR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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