{"id":29097,"date":"2012-05-06T10:51:19","date_gmt":"2012-05-06T14:51:19","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29097"},"modified":"2012-05-06T10:51:19","modified_gmt":"2012-05-06T14:51:19","slug":"downgrade-alert-for-dragonwave-drwi","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/05\/06\/downgrade-alert-for-dragonwave-drwi\/","title":{"rendered":"Downgrade Alert for DragonWave (DRWI)"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vee1a64d874432714bb52c9324cb904cd4a93d9ea&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vee1a64d874432714bb52c9324cb904cd4a93d9ea&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>DragonWave (NASDAQ:DRWI) was downgraded from Buy to Hold at Jefferies today. The stock closed yesterday at $3.43 on volume of 362,000 shares, above average daily volume of 135,000.DragonWave (NASDAQ:DRWI) has potential upside of 39.3% based on a current price of $3.43 and analysts&#8217; consensus price target of $4.78. DragonWave shares should first meet resistance at the 50-day moving average (MA) of $3.98 and find additional resistance at the 200-day MA of $4.03.DragonWave Inc. provides wireless Ethernet equipment for use in IP networks. The Company designs, develops, and markets carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video, and other data.DragonWave share prices have moved between a 52-week high of $8.75 and a 52-week low of $2.70 and closed yesterday at 27% above that low price at $3.43 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.6%.SmarTrend recommended that its subscribers protect gains by selling shares of DragonWave on March 8th, 2012 by issuing a Downtrend alert when the shares were trading at $3.78. Since that call, shares of DragonWave have fallen 9.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/06\/1_6myomdzn_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/06\/1_6myomdzn_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DragonWave (NASDAQ:DRWI) was downgraded from Buy to Hold at Jefferies today. The stock closed yesterday at $3.43 on volume of 362,000 shares, above average daily volume of 135,000.DragonWave (NASDAQ:DRWI) has potential upside of 39.3% based on a current price of $3.43 and analysts&#8217; consensus price target of $4.78. DragonWave shares should first meet resistance at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/05\/06\/downgrade-alert-for-dragonwave-drwi\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Downgrade Alert for DragonWave (DRWI)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29097","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29097"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29097\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}