Nokia Has Returned 20.7% Since SmarTrend Recommendation (NOK)
SmarTrend identified a Downtrend for Nokia (NYSE:NOK) on February 1st, 2016 at $6.34. In approximately 9 months, Nokia has returned 20.66% as of today's recent price of $5.03.
In the past 52 weeks, Nokia share prices have been bracketed by a low of $4.88 and a high of $7.63 and are now at $5.03, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.3%.
Nokia Corporation is a player in the mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Nokia.
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Keywords: spotlights Nokia