NIHD NII Holdings Inc. Stock Bearish In Descending Triangle

 | Jan 10, 2013 01:57AM ET

NIHD:

(NIHD) is looking bearish having formed a descending triangle pattern and having the stock break below this pattern and the 70-day EMA which was support at 6.69. This pattern puts NIHD downward potential target 8% lower at 5.87 and 5.68