Communications as a Service (CaaS) Industry News

TMCNet:  Upgrade Alert for inContact (SAAS)

[February 15, 2013]

Upgrade Alert for inContact (SAAS)

Feb 15, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- inContact (NASDAQ:SAAS) was upgraded from Neutral to Buy at Roth Capital today. The stock closed yesterday at $6.74 on volume of 1.6 million shares, above average daily volume of 277,000. Potential upside of 18.7% exists for inContact, based on a current level of $6.74 and analysts' average consensus price target of $8.00. inContact shares have support at the 50-day moving average (MA) of $5.55 and additional support at the 200-day MA of $5.51.

inContact, Inc. develops and markets software for call centers.

In the past 52 weeks, shares of inContact have traded between a low of $4.47 and a high of $7.16 and are now at $6.74, which is 51% above that low price. The 200-day and 50-day moving averages have moved 0.23% higher and 0.95% higher over the past week, respectively.

SmarTrend is tracking the current trend status for inContact and will alert subscribers who have SAAS in their portfolio or watchlist when shares have changed trend direction.

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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