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TMCNet:  Shares of TEO Down 12.0% Since Downtrend Call on Shares

[November 21, 2012]

Shares of TEO Down 12.0% Since Downtrend Call on Shares

Nov 21, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Telecom Argentina (NYSE:TEO) on September 5th, 2012 at $10.80. In approximately 3 months, Telecom Argentina has returned 12.04% as of today's recent price of $9.50.


Telecom Argentina share prices have moved between a 52-week high of $22.33 and a 52-week low of $9.19 and are now trading 3% above that low price at $9.50 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.2%.

Telecom Argentina SA provides telecommunications services including local, long-distance and international service in Argentina. The Company, through its subsidiaries, also provides cellular telecommunications services and offers paging services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Telecom Argentina.

Log in and add Telecom Argentina (TEO) 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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