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TMCNet:  Traders Get Bullish on Shares of Parkervision, Shares Up 29.2% (PRKR)

[February 21, 2013]

Traders Get Bullish on Shares of Parkervision, Shares Up 29.2% (PRKR)

Feb 21, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Parkervision (NASDAQ:PRKR) is one of today's best performing low-priced stocks, up 29.2% to $3.14 on 10.6x average daily volume. Thus far today, Parkervision has traded 3.4 million shares, vs. average volume of 324,000 shares per day. The stock has outperformed the Dow (29.2% to the Dow's -0.4%) and outperformed the S&P 500 (29.2% to the S&P's -0.6%) during today's trading.
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Parkervision (NASDAQ:PRKR) has potential upside of 177.1% based on a current price of $3.14 and analysts' consensus price target of $8.70. The stock should discover initial support at its 50-day moving average (MA) of $2.31 and subsequent support at its 200-day MA of $2.17.

In the past 52 weeks, shares of Parkervision have traded between a low of $0.79 and a high of $3.45 and are now at $3.14, which is 297% above that low price. The 200-day and 50-day moving averages have moved 0.52% higher and 0.85% higher over the past week, respectively.

ParkerVision, Inc. designs, develops, and markets solutions for wireless products. ParkerVision's solutions are based on its D2D technology.

SmarTrend recommended that subscribers consider buying shares of Parkervision on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.09. Since that recommendation, shares of Parkervision have risen 16.5%. We continue to monitor PRKR 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

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