Clearwire leads the pack in 4G WiMax technology
This morning I added Clearwire (CLWR) to the Barchart Van Meerten Speculative portfolio. CLWR is a provider of simple, portable and reliable wireless high-speed Internet service. Clearwire customers connect to the Internet using licensed spectrum, thus eliminating the confines of traditional cable or phone lines. At the present time the company has 1 million customers and in a trend setter in the 4G WiMax technology.
Wall Street brokerage analysts have 5 buy recommendations out based on fantastic sales projections of an increase of 124.60% this year and 145.50% next year. Although operating at a loss at the present time the company should make a profit if their present sales goal are met.
Barchart has a 100% short term buy signal and the stock has appreciated 15.72% in the last month. The price hit 12 new highs in the last 20 sessions and has a 14 day Relative Strength Index that is 65.87% and on the rise. It recently traded at 7.50 which is above its 50 day moving average of 6.74.
The general investor has followed the stock and the CAPS members on Motley Fool think the stock will out perform the market by a vote of 497 to 76 with the All Stars in step 138 to 13.
Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure: No positions in the stock mentioned at the time of publication