Technical Analysis: Watch for Continued Liquidation in Shares of Nokia (NOK)

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Phimhay24/7
Phimhay24/7
02 Feb 2021

Shares of Nokia (NYSE:NOK) traded at a new 52-week low Friday of $9.54. Approximately 34.1 million shares have traded hands Friday vs. average 30-day volume of 28.9 million shares.
Nokia closed at $9.58, approximately 26.4% below its 50-day moving average of $13.02. SmarTrend will be monitoring shares of NOK to see if this bearish momentum will continue.
SmarTrend is bearish on shares of Nokia and our subscribers were alerted to Sell on April 22, 2010 at $12.89. The stock has fallen 25.7% since the alert was issued.

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