Gadgets

Stock to Watch: RadioShack Up 7.5% (RSH)

TMCNet:  Stock to Watch: RadioShack Up 7.5% (RSH)

[January 02, 2013]

Stock to Watch: RadioShack Up 7.5% (RSH)

Jan 02, 2013 (SmarTrend(R) Spotlight via COMTEX) -- RadioShack (NYSE:RSH) is one of today's best performing low-priced stocks, up 7.5% to $2.28 on 1.1x average daily volume. RadioShack has traded 2.8 million shares thus far today, vs. average volume of 2.7 million shares per day. The stock has outperformed the Dow (7.5% to the Dow's 1.7%) and outperformed the S&P 500 (7.5% to the S&P's 1.7%) during today's trading.

Potential upside of 0.8% exists for RadioShack, based on a current level of $2.28 and analysts' average consensus price target of $2.30. The stock should find resistance at its 200-day moving average (MA) of $3.58, as well as support at its 50-day MA of $2.18.

RadioShack share prices have moved between a 52-week high of $11.10 and a 52-week low of $1.90 and are now trading 20% above that low price at $2.28 per share. Over the last five market days, the 200-day moving average (MA) has gone down 2.5% while the 50-day MA has declined 0.5%.

RadioShack Corporation operates a chain of retail consumer electronics goods and services stores located throughout the United States, as well as in Puerto Rico and the U.S. Virgin Islands. The Company markets electronic parts and accessories, cellular, PCS and conventional telephones, computers, scanners, software, and related products and accessories.

SmarTrend recommended that its subscribers protect gains by selling shares of RadioShack on November 23rd, 2011 by issuing a Downtrend alert when the shares were trading at $10.82. Since that call, shares of RadioShack have fallen 80.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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

[ Back To gadgets.tmcnet.com's Homepage ]

Free Gadgets Newsletter