Technical Briefing on Clearwire, Mobile Telesystems, SK Telecom, and China Unicom
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130325:nPn3258137 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 http://www.stockcall.com/analysis 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 http://www.StockCall.com/CLWR032513.pdf 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 http://www.StockCall.com/MBT032513.pdf 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 http://www.StockCall.com/SKM032513.pdf 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 http://www.StockCall.com/CHU032513.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact Person: William T. Knight, Email: email@example.com , Contact Number: +1-(646)-396-9857 (9:00 am EST - 01:30 pm EST)