Nokia, Latest Versions of Reader and Transport

Nokia Corporation (ADR) (NYSE:NOK) has launched its latest version of Nokia reader for series 40. It gives users easy and quick access to latest local and international news. With new Nokia Transport for Windows Phone users can plan their outings just by entering the date and departure time in time picker to select the best route option.

After Nokia’s Here app was launched on Monday, it had quickly escalated to the 4th rank on Apple’s list of most downloaded apps. The app had 378 reviews by Tuesday afternoon in iTunes with an average rating of 2.5 stars. Most of the users had rated the app 1 star.
Nokia reports that its new Lumia 920 smartphone had sold out in Germany. Nokia is working to make all models available again in Germany after receiving reports that many shops had run out of the Lumia 920.

Shares of Nokia Corporation are trading at $3.31. It is below its 250-day Moving Average price of $3.51 and above its 100-day Moving Average price of $2.56.  Technically, it has been showing support around $2.86 and resistance in the $3.40 price range. MACD (12,26) and RSI(14) are  increasing. The overall technical indicator shows a buy with the $3.97 target price in short term.

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