Technical Briefing on Clearwire, Mobile Telesystems, SK Telecom, and China Unicom

Mon Mar 25, 2013 8:20am EDT

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LONDON,  March 25, 2013  /PRNewswire/ --

Increasing data usage and the shift to mobile has meant that wireless
communications companies have had to invest heavily into upgrading their network
infrastructure and increasing their bandwidth. With more and more people
switching to smartphones and tablets, the trend is expected to continue for the
next few years. This could mean increased capital expenditures for wireless
communications companies such as Clearwire Corporation (NASDAQ: CLWR), Mobile
TeleSystems OJSC (NYSE: MBT), SK Telecom Co. Ltd. (NYSE: SKM), and China Unicom
(Hong Kong) Limited (NYSE: CHU). On Friday, wireless communications stocks ended
mostly higher, tracking gains in the broad market, which rallied as concerns
over  Cyprus  eased a little. StockCall has posted free technical research
reports on CLWR, MBT, SKM, and CHU and these can be accessed by signing up at

Clearwire Corporation shares edged higher in trading on Friday, however, the
gains were limited. The stock ended the day 0.31% higher at  $3.24  after
touching an intra-day high of  $3.27. The company's shares are currently trading
close to their 52-week high of  $3.41. The stock has had an excellent run so far
in 2013, gaining more than 12%. However, most of the gains came in January.
Since February, Clearwire Corporation shares have traded sideways. The stock is
currently trading above its 50-day and 200-day moving averages. Download the
free report on CLWR upon registration at

Mobile TeleSystems shares also edged higher in Friday's trading session. The
stock rose to an intra-day high of  $20.32  before finishing the day 0.45%
higher at  $20.20. Despite the gains on Friday, Mobile TeleSystems shares fell
1.75% last week. Year-to-date, though, the stock has had a decent run, gaining
more than 8.30%, compared to a gain of nearly 9.20% for the S&P 500. The
company's shares have slipped after failing to break through  $21.50  resistance
level. The stock is still trading above its 50-day and 200-day moving averages.
However, recent volume activity and the stock's MACD chart suggest that market
sentiment is currently bearish on Mobile TeleSystems. MBT technical report can
be accessed for free by signing up at

Shares of SK Telecom Co. Ltd. struggled in trading on Friday, ending the day
marginally lower. The stock fell to an intra-day low of  $17.53  before paring
some of the losses to finish 0.11% lower at  $17.63. SK Telecom Co. Ltd.'s
shares have now fallen more than 4% in the last three sessions, which suggests
that market sentiment is bearish on the stock. This is confirmed by the stock's
MACD chart. The MACD is currently trading below the signal line. The stock has
also slipped below its 50-day moving average. Free report on SKM can be accessed
by registering at

China Unicom Limited's shares rallied in Friday's trading session. The stock
touched an intra-day high of  $13.99  before finishing the day 2.51% higher at 
$13.89. China Unicom Limited shares have now gained more than 3.30% in the last
three sessions. Despite the recent gains, China Unicom Limited's shares are down
more than 14% for the year, compared to a gain of nearly 9.20% for the S&P 500.
The stock is rebounding after bottoming out at around  $13.50. Its MACD has just
crossed above the signal line, which is a strong bullish signal. Register with
StockCall and download the research on CHU for free at

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