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Thursday, September 1, 2011

Clearwire (CLWR) Stock Technical Analysis

By Tim -

The following is technical analysis for Clearwire Corporation (CLWR) - September 1, 2011

Clearwire Corporation (CLWR) Support & Resistance Levels - 9/1/11

Resistance Levels: $4.18, $4.77

Support Levels: $3.42, $3.00

Chart -

Clearwire Corporation (CLWR) is higher today on further speculation that Sprint (NYSE:S) and CLWR could get bought out. Sprint (S) controls 48% of Clearwire stock which has been depressed lately. CLWR is gapping above the previous $3.42 high this morning. If Clearwire closes above $3.42, I could see it testing $4.18 which is the next resistance.

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