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TMCNet:  Novatel Wireless Up 5.7%, Shares Break Through Resistance (NVTL)

[January 29, 2013]

Novatel Wireless Up 5.7%, Shares Break Through Resistance (NVTL)

Jan 29, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Novatel Wireless (NASDAQ:NVTL) is one of today's best performing low-priced stocks, up 5.7% to $1.84 on 2.6x average daily volume. Thus far today, Novatel Wireless has traded 1.8 million shares, vs. average volume of 669,000 shares per day. The stock has outperformed the Dow (5.7% to the Dow's 0.4%) and outperformed the S&P 500 (5.7% to the S&P's 0.4%) during today's trading.

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) is currently priced 12.6% above its average consensus analyst price target of $1.61. The stock should find resistance at its 200-day moving average (MA) of $2.00, as well as support at its 50-day MA of $1.39.

In the past 52 weeks, Novatel Wireless share prices have been bracketed by a low of $1.17 and a high of $3.69 and are now at $1.84, 57% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 1.1%.

SmarTrend is monitoring the recent change of momentum in Novatel Wireless. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Novatel Wireless in search of a potential trend change.

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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