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Ceragon Networks Has Returned 39.5% Since SmarTrend Recommendation (CRNT)
Nov 19, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Ceragon Networks (NASDAQ:CRNT) on May 18th, 2012 at $8.38. In approximately 6 months, Ceragon Networks has returned 39.46% as of today's recent price of $5.07.
Over the past year, Ceragon Networks has traded in a range of $3.91 to $9.76 and is now at $5.07, 30% above that low. The 200-day and 50-day moving averages have moved 0.8% lower and 3.09% lower over the past week, respectively.
Ceragon Networks Ltd. develops, manufactures, and sells wireless networking systems. The Company's systems enable global communications service providers to immediately deploy high-capacity broadband infrastructures in metropolitan areas. Ceragon's customers include new and existing competitive local exchange carriers and Internet service providers.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Ceragon Networks.
Log in and add Ceragon Networks (CRNT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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