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After Yesterday's Decline of 4.88%, Parkervision Offers Investors Better Value (PRKR)

Written on Fri, 07/09/2010 - 3:04am
By Chip Brian

Parkervision (NASDAQ:PRKR) traded in a range yesterday that spanned from a low of $0.66 to a high of $0.89. Yesterday, the shares fell 4.88%, which took the trading range below the 3-day low of $0.83 on volume of 613,000 shares.
Shares of Parkervision are currently trading below their 50-day moving average (MA) of $1.66 and below their 200-day MA of $2.11. Look for these MAs to provide resistance for a short-term rebound in the shares.
SmarTrend is bearish on shares of Parkervision and our subscribers were alerted to Sell on June 07, 2010 at $1.66. The stock has fallen 50.7% since the alert was issued.
SmarTrend has the shares in a Downtrend and expects the share price to rebound toward the $0.83 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Networking & Communication Devices industry.

Keywords: parkervision trading range stock news

Ticker(s): PRKR

Contact Chip Brian
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.

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