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Traders Get Bullish on Shares of Ceragon Networks, Shares Up 5.3% (CRNT)Nov 14, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Ceragon Networks (NASDAQ:CRNT) is one of today's best performing low-priced stocks, up 5.3% to $4.76 on 1.0x average daily volume. Ceragon Networks has traded 212,000 shares thus far today, vs. average volume of 204,000 shares per day. The stock has outperformed the Dow (5.3% to the Dow's -0.6%) and outperformed the S&P 500 (5.3% to the S&P's -0.5%) during today's trading. Ceragon Networks share prices have moved between a 52-week high of $9.76 and a 52-week low of $3.91 and are now trading 22% above that low price at $4.76 per share. 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. Potential upside of 154.7% exists for Ceragon Networks, based on a current level of $4.76 and analysts' average consensus price target of $12.12. The stock should run into initial resistance at its 50-day moving average (MA) of $5.74 and subsequent resistance at its 200-day MA of $7.96. SmarTrend recommended that its subscribers protect gains by selling shares of Ceragon Networks on May 18th, 2012 by issuing a Downtrend alert when the shares were trading at $8.38. Since that call, shares of Ceragon Networks have fallen 46.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |