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TMCNet:  Towerstream Up 6.2%, Shares Break Through Resistance (TWER)

[January 02, 2013]

Towerstream Up 6.2%, Shares Break Through Resistance (TWER)

Jan 02, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Towerstream (NASDAQ:TWER) is one of today's best performing low-priced stocks, up 6.2% to $3.45 on 1.0x average daily volume. Thus far today, Towerstream has traded 325,000 shares, vs. average volume of 313,000 shares per day. The stock has outperformed the Dow (6.2% to the Dow's 1.7%) and outperformed the S&P 500 (6.2% to the S&P's 1.7%) during today's trading.


Towerstream Corporation offers wireless broadband Internet services to businesses. The Company operates in metropolitan areas in the United States.

Over the past year, Towerstream has traded in a range of $2.09 to $5.86 and is now at $3.45, 65% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1.6%.

Towerstream (NASDAQ:TWER) has potential upside of 131.9% based on a current price of $3.45 and analysts' consensus price target of $8.00. Towerstream shares should encounter resistance at the 200-day moving average (MA) of $3.84 and support at the 50-day MA of $3.20.

SmarTrend is tracking the current trend status for Towerstream and will alert subscribers who have TWER in their portfolio or watchlist when shares have changed trend direction.

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

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