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TMCNet:  Gilat Satellite Networks Shares Up 90.0% Since SmarTrend's Buy Recommendation (GILT)

[January 03, 2013]

Gilat Satellite Networks Shares Up 90.0% Since SmarTrend's Buy Recommendation (GILT)

Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Gilat Satellite Networks (NASDAQ:GILT) on August 15th, 2012 at $2.81. In approximately 5 months, Gilat Satellite Networks has returned 90.04% as of today's recent price of $5.34.

Gilat Satellite Networks share prices have moved between a 52-week high of $5.89 and a 52-week low of $2.31 and are now trading 131% above that low price at $5.34 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

Gilat Satellite Networks Ltd. designs, develops, manufactures, markets, and supports very small aperture terminal satellite earth stations and related hub equipment and software. The Company's products are incorporated into telecommunications networks that provide satellite-based communications between a central location and a large number of geographically-dispersed sites.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Gilat Satellite Networks shares.Log in and add Gilat Satellite Networks (GILT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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