News

Leap Wireless (LEAP) – ($5.69) has been upgraded to Buy according to ValuEngine with fair value at $11.77, which makes the stock 50.0% undervalued. The one-year price target is $6.25. ValuEngine Profile – “Leap Wireless is a customer-focused company providing innovative mobile wireless services that are targeted to meet the needs of customers who are under-served by traditional communications companies. With a commitment to predictability, simplicity and value as the foundation of our business, Leap pioneered Cricket? service, a simple and affordable wireless alternative to traditional landline service. Cricket service offers customers unlimited anytime minutes within the Cricket calling area over a high-quality, all-digital CDMA network.”

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Analysis – The daily chart for LEAP shows declining momentum with the stock below its 21-day, 50-day and 200-day simple moving averages at $5.90, $5.82 and $5.99. My weekly pivot is $5.91 with a monthly risky level at $6.48.

Courtesy of Thomson / Reuters

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