|
Downgrade Alert for Internap Network Services (INAP)
Feb 05, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
Internap Network Services (NASDAQ:INAP) was downgraded from Buy to Neutral at Dougherty today. The stock closed yesterday at $8.00 on volume of 374,000 shares, above average daily volume of 251,000. Over the past year, Internap Network Services has traded in a range of $4.35 to $8.25 and closed yesterday at $8.00, 84% above that low. The 200-day and 50-day moving averages have moved 0.21% higher and 2.06% higher over the past week, respectively.
Internap Network Services Corporation provides a broad range of scalable information technology infrastructure services for enterprises including colocation, managed hosting, optimized IP connectivity and content delivery services.
Internap Network Services has overhead space with shares priced $8.00, or 17.3% below the average consensus analyst price target of $9.67. The stock should discover initial support at its 200-day moving average (MA) of $6.89 and subsequent support at its 50-day MA of $6.70.
SmarTrend recommended that subscribers consider buying shares of Internap Network Services on December 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.40. Since that recommendation, shares of Internap Network Services have risen 24.8%. We continue to monitor INAP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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
[ Back To SIP Trunking Home's Homepage ]
|
NEW Bring Your Own Device
(BYOD): HTML5 and Google's WebRTC are
transforming our industry: The disaggregation of the telecom industry has long
been talked about, while available solutions remain
vertically integrated in spite of a growing industry of
standards-based individual components...
NEW SSOA - SIP Service Oriented Architecture™:
Cloud and large enterprise communications
and collaboration infrastructure: This eBook introduces eZuce's SIP Service Oriented
Architecture (SSOA). SSOA is a 'carrier-class'
system that offers the demanding global enterprise
a modern built-for-the-cloud and highly
scalable...
NEW Benefits of Broadvox VAR Partner Program: We built our Partner Program to work for you. We understand that different
types of partners have different needs, and we don't play favorites. When
you partner with Broadvox, every member of our team stands behind you
and your customers 100%... 
What's New?
