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TMCNet:  Downgrade Alert for NII Holdings (NIHD)

[November 09, 2012]

Downgrade Alert for NII Holdings (NIHD)

Nov 09, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- NII Holdings (NASDAQ:NIHD) was downgraded from Neutral to Sell at Citigroup today. The stock closed yesterday at $6.48 on volume of 4.0 million shares, below average daily volume of 4.8 million. NII Holdings has overhead space with shares priced $6.48, or 72.5% below the average consensus analyst price target of $23.54. NII Holdings shares should first meet resistance at the 50-day moving average (MA) of $7.21 and find additional resistance at the 200-day MA of $12.44.



Over the past year, NII Holdings has traded in a range of $5.65 to $24.49 and closed yesterday at $6.48, 15% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 0.8%.

NII Holdings Inc., provides mobile communications for business customers in Latin America. The Company has operations in Argentina, Brazil, Chile, Mexico, and Peru, offering a fully integrated wireless communications tool with digital cellular service, text/numeric paging, wireless internet access, and Nextel DirectConnect, a digital two-way radio feature.

SmarTrend is tracking the current trend status for NII Holdings and will alert subscribers who have NIHD 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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