Clearwire Corporation Down Over 6%; Hits 52-Week Low

Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, Clearwire Corporation CLWR hit new 52-week low. Traders and investors believe this to be a negative indicator that the stock will continue its trend.