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Sierra Wireless (SWIR) Upgrade Alert, Watch for 21.6% Technical Downtrend Reversal

Written on Fri, 07/30/2010 - 11:49am
By Chip Brian

Sierra Wireless (NASDAQ:SWIR) upgraded to Buy, $10 target, at Morgan Joseph. The stock closed yesterday at $7.58 on volume of 428,700 shares, above average daily volume of 79,282.
Sierra Wireless is currently below its 200-day moving average of $8.91 and should find support at its 50-day moving average of $7.18.
SmarTrend is bearish on shares of SWIR and our subscribers received a Downtrend alert on February 11, 2010 at $9.67, which has returned 21.6% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): SWIR

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