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Clearwire (CLWR) Upgrade Alert, Watch for 2.3% Technical Uptrend Continuation

Clearwire (NASDAQ:CLWR) upgraded to Outperform from Neutral at Macquarie. The stock closed yesterday at $7.97 on volume of 1,169,500 shares, below average daily volume of 1,556,671.

Clearwire is currently above its 50-day moving average of $7.87 and above its 200-day moving average of $5.59.

SmarTrend is bullish on shares of CLWR and our subscribers received an Uptrend alert on August 31, 2009 at $7.79, which has returned 2.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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