Unified Communications Industry News

TMCNet:  Telecom Argentina Rising on Above-Average Volume, Consistent With Trend (TEO)

[January 22, 2013]

Telecom Argentina Rising on Above-Average Volume, Consistent With Trend (TEO)

Jan 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- The price of Telecom Argentina shares has climbed to $14.57 (a 1.4% change) on heavy trading volume. Today's volume of 316,000 shares tops the average 30-day volume of 230,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.


SmarTrend recommended that subscribers consider buying shares of Telecom Argentina on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.70. Since that recommendation, shares of Telecom Argentina have risen 34.4%. We continue to monitor TEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Telecom Argentina have traded between a low of $9.12 and a high of $22.33 and are now at $14.49, which is 59% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 3.3%.

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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