StockCall.com Provides Stock Research on Nokia Corp., LM Ericsson Telephone Co., Motorola Solutions Inc., and Arris Group Inc.
New York City, New York -- (May 03, 2013)
Wireless is expected to be the biggest growth driver for the communication equipment industry in the coming years. However, the uncertain global economic environment is a concern for the industry. The uncertain economic environment means that businesses are likely to remain cautious when it comes to spending on technology. This will have a negative impact on the industry. Communications equipment stocks ended on a mixed note on Thursday even as the broad market rose sharply after investors digested better-than-expected U.S. labor market data. Among the major movers yesterday included Nokia Corporation (NYSE: NOK), Ericsson (NASDAQ: ERIC), Motorola Solutions Inc. (NYSE: MSI), and Arris Group Inc. (NASDAQ: ARRS). StockCall has taken an interest in these companies and you can now sign up to download the free technical research on NOK, ERIC, MSI, and ARRS at
Shares of Nokia Corporation edged lower on Thursday. The stock fell to an intra-day low of $3.25 before finishing the day 2.40% lower at $3.26 on volume of 22.26 million. Nokia’s shares have fallen nearly 17.50% so far in 2013, even as the broad market has posted gains of over 12%. The stock is currently trading nearly 33.50% below its 52-week high. The company’s shares are also trading below their 50-day moving average. The stock is facing stiff resistance at around $3.40. Sign up today to read the free research report on NOK at
Another communication equipment stock that fell sharply yesterday was Ericsson. Shares of the Sweden-based company fell 1.78% to finish the day at $12.13 on volume of 3.19 million after trading between $12.09 and $12.24. Ericsson’s shares slipped below their 50-day moving average on Thursday, indicating a bearish signal. The stock currently has strong support at around $11.50. Shares of ERIC are facing resistance at around $12.50. Year-to-date, the stock has gained more than 24.40%, outperforming the S&P 500. Register to download the free technical analysis on ERIC at
Shares of Motorola Solutions Inc. edged higher on Thursday, tracking gains in the broad market. The stock ended the day 0.92% higher at $56.89 on above average volume of 1.84 million. Despite the gains yesterday, the stock is still down nearly 1% in the last three trading sessions. The company’s shares saw a series of highs in the first three months of 2013. However, the stock saw a sharp pullback in April. In the last one month, shares of MSI have fallen more than 9.40%. The stock is currently trading well below its 50-day moving average which is a bearish signal. Its MACD is also trading well below the signal line and the zero-line, further confirming the negative trend. Free report on MSI can be accessed by registering at
Arris Group Inc.’s shares also edged higher in trading yesterday. The stock closed 0.81% higher at $16.21 on volume of 930,600. The company’s shares traded between $16.05 and $16.32 on Thursday. The stock is currently trading more than 9.80% below its 52-week high. Year-to-date, it has gained 8.50%, underperforming the S&P 500. Shares of ARRS have traded sideways in the last two weeks. The stock’s MACD has just crossed below the signal line and is also trading below the zero-line, which is a bearish signal.Register withStockCall and download the research on ARRS for free at
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William T. Knight
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