NII Holdings, Inc., through its subsidiaries, provides wireless
communication services under the Nextel brand name to businesses and
individuals in Mexico, Brazil, Argentina, Peru, and Chile. Its services
include mobile telephone service; Nextel Direct Connect service, which
allows subscribers to talk to each other on a push-to-talk basis for
private one-to-one calls or on group calls. The company also provides
value-added services, including text messaging services; mobile Internet
services; e-mail services; location-based services, such as the use of
global positioning system technologies; digital media services; and a
set of applications available via its content management system and the
Android open application market. In addition, it offers business
solutions, such as security, work force management, logistics support,
and other applications to improve productivity; and international
roaming services. NII Holdings, Inc. sells its products and services
through direct sales representatives, indirect sales agents, retail
stores, kiosks, and Website.
To analyze NII's stock for potential trading opportunities, please
take a look at the 1-year chart of NIHD (NII Holdings, Inc.) below with
my added notations:
NIHD has been trading sideways for the last (6) months, and over that
period of time $6 (blue) has commonly been an area of support.
Yesterday the stock broke below that $6 support and should be on its way
back down to the lower level of support at $5 (red).
The Tale of the Tape: NIHD has broken below $6
again. A short trade could be made on any rallies back up to $6 with a
stop placed above that level. A break back above $6 would be an
opportunity to go long on the stock.
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