Technical Briefing on Motorola Solutions, Nokia, LM Ericsson Telephone, 8x8 Inc., and Infinera PR Newswire LONDON, March 4, 2013 LONDON, March 4, 2013 /PRNewswire/ -- The rising demand for high-speed internet is driving growth in the communications equipment industry. With telecom service providers continuing to invest heavily to upgrade their networks, the communication equipment industry can expect robust growth in the next few years. The trend is expected to benefit companies such as Motorola Solutions Inc. (NYSE: MSI), Nokia Corporation (NYSE: NOK), Ericsson (NASDAQ: ERIC), 8x8 Inc. (NASDAQ: EGHT) and Infinera Corp. (NASDAQ: INFN). On Friday, communication equipment stocks ended on a mixed note even though the broad market edged higher. StockCall has posted free technical research reports on MSI NOK ERIC EGHT and INFN and these can be accessed by signing up at http://www.stockcall.com/analysis Shares of Motorola Solutions Inc. ended marginally lower in Friday's trading session. The stock closed 0.29% lower at $62.03. Despite the pullback on Friday, Motorola Solutions shares have gained more than 2% in the last three trading sessions. The stock is currently hovering around its 52-week high of $62.51. Year-to-date, the company's shares have gained more than 11%, outperforming the broad market. Shares have seen a series of higher highs since the start of this year, which is a bullish signal. The bullish trend is further confirmed by the MACD chart and recent volume activity. Download the free report on MSI upon registration at http://www.StockCall.com/MSI030413.pdf Shares of Finland-based Nokia Corp. fell sharply in Friday's trading session, closing 1.64% lower at $3.59. The stock fell more than 5% for the week, even as the broad market posted modest gains. Nokia's shares have underperformed the broad market for the year as well. Year-to-date, the stock is down more than 9%, compared to a gain of more than 6% for the S&P 500. The company's shares are trading well below their 50-day and 200-day moving averages. The stock's MACD is also trading well below the signal line and the zero-line. NOK technical report can be accessed for free by signing up at http://www.StockCall.com/NOK030413.pdf Shares of Sweden-based Ericsson edged higher in Friday's trading session. The stock closed 0.57% higher at $12.28. For the week, though, the stock fell 0.24%. Ericsson shares are currently trading close to their 52-week high of $12.70. Year-to-date, the stock has outperformed the broad market, gaining more than 21%. Ericsson shares, however, have traded sideways in the last few days as the stock has been struggling to break through $12.50 resistance level. Free report on ERIC can be accessed by registering at http://www.StockCall.com/ERIC030413.pdf Shares of 8x8 Inc. saw a huge rally in Friday's trading session, ending the day 10.08% higher at $6.66. Despite the huge rally on Friday, the stock is still down nearly 10% for the year. The company's shares bounced back from $6 support level on Friday. The stock currently faces resistance at around $6.80. It has support at around $6.40. Register with StockCall and download the research on EGHT for free at http://www.StockCall.com/EGHT030413.pdf Shares of Infinera Corp. fell sharply on Friday even as the broad market edged higher. The stock closed 1.08% lower at $6.42. The company's shares have had an excellent run this year, gaining 10.50%, compared to a gain of more than 6% for the S&P 500. The stock is currently facing resistance at around $6.75. Read the full free research on INFN by signing up to StockCall at http://www.StockCall.com/INFN030413.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: Contact Person: William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1-(646)-396-9857 (9:00 am EST - 01:30 pm EST)
Technical Briefing on Motorola Solutions, Nokia, LM Ericsson Telephone, 8x8 Inc., and Infinera
Press spacebar to pause and continue. Press esc to stop.