NII Holdings (NASDAQ:NIHD) traded at a new 52-week low today of $20.50. This new low was reached on approximately average trading volume as 2.5 million shares traded hands, while the average 30-day volume is approximately 3.3 million shares.
NII Holdings has overhead space with shares priced $20.66, or 47.8% below the average consensus analyst price target of $39.61. The stock should find initial resistance at its 50-day moving average (MA) of $25.13 and further resistance at its 200-day MA of $36.19.
NII Holdings Inc., provides mobile communications for business customers in Latin America. The Company has operations in Argentina, Brazil, Chile, Mexico, and Peru, offering a fully integrated wireless communications tool with digital cellular service, text/numeric paging, wireless internet access, and Nextel DirectConnect, a digital two-way radio feature.
In the past 52 weeks, NII Holdings share prices have been bracketed by a current low of $20.50 and a high of $46.32 and are now at $20.66. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.7%.
