Infinera Corp. : Technical Briefing on Motorola Solutions, Nokia, LM Ericsson Telephone, 8x8 Inc., and Infinera
03/04/2013| 08:05am US/Eastern
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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
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SOURCE StockCall.com
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