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TMCNet:  Stock to Watch: Towerstream Up 5.1% (TWER)

[November 27, 2012]

Stock to Watch: Towerstream Up 5.1% (TWER)

Nov 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Towerstream (NASDAQ:TWER) is one of today's best performing low-priced stocks, up 5.1% to $3.12 on 1.4x average daily volume. Thus far today, Towerstream has traded 414,000 shares, vs. average volume of 290,000 shares per day. The stock has outperformed the Dow (5.1% to the Dow's -0.3%) and outperformed the S&P 500 (5.1% to the S&P's -0.3%) during today's trading.
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Towerstream Corporation offers wireless broadband Internet services to businesses. The Company operates in metropolitan areas in the United States.

In the past 52 weeks, Towerstream share prices have been bracketed by a low of $1.82 and a high of $5.86 and are now at $3.12, 71% above that low price. The 200-day and 50-day moving averages have moved 0.37% higher and 0.27% lower over the past week, respectively.

Towerstream has overhead space with shares priced $3.12, or 61.0% below the average consensus analyst price target of $8.00. Towerstream shares should first meet resistance at the 200-day moving average (MA) of $3.77 and find additional resistance at the 50-day MA of $3.90.

SmarTrend recommended that its subscribers protect gains by selling shares of Towerstream on July 24th, 2012 by issuing a Downtrend alert when the shares were trading at $3.70. Since that call, shares of Towerstream have fallen 19.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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

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