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TMCNet:  Watch for Shares of RadioShack (RSH) to Approach Support at $3.27

[June 13, 2013]

Watch for Shares of RadioShack (RSH) to Approach Support at $3.27

Jun 13, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of RadioShack (NYSE:RSH) opened today below their pivot of $3.52 and have already reached the first level of support at $3.36. Should the shares continue to fall, the support pivots of $3.27 and $3.03 will be of interest.

In the past 52 weeks, RadioShack share prices have been bracketed by a low of $1.90 and a high of $4.49 and are now at $3.34, 76% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

RadioShack (NYSE:RSH) is currently priced 22.3% above its average consensus analyst price target of $2.60. The stock should find resistance at its 50-day moving average (MA) of $3.50, as well as support at its 200-day MA of $2.83.

SmarTrend recommended that subscribers consider buying shares of RadioShack on January 25th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.50. Since that recommendation, shares of RadioShack have risen 37.9%. We continue to monitor RSH 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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