NII Holdings (NASDAQ:NIHD) is one of today's biggest movers, down 4.0% to $6.84. The S&P is currently trading 1.7% higher to 1,450 and the Dow Jones Industrial Average is trading 1.7% higher to 13,323.
NII Holdings has overhead space with shares priced $6.84, or 29.1% below the average consensus analyst price target of $9.66. The stock should find resistance at its 200-day moving average (MA) of $9.70, as well as support at its 50-day MA of $6.26.
Over the past year, NII Holdings has traded in a range of $4.75 to $24.32 and is now at $6.84, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 1.9%.
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.