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Nokia (NOK) Moves 6.7% Higher: Will This Strength Last?

NOK
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Nokia shares jumped in the last session on above-average trading volume. However, the recent trend of downward revisions to earnings estimates for the stock suggests limited follow-through and dampens the case for further near-term upside.

Analysis

Nokia shares jumped in the last session on above-average trading volume. However, the recent trend of downward revisions to earnings estimates for the stock suggests limited follow-through and dampens the case for further near-term upside.

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