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Brasil Telecom Has Returned 15.7% Since SmarTrend Recommendation (BTM)
Jan 24, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Brasil Telecom (NYSE:BTM) on March 12th, 2012 at $18.56. In approximately 11 months, Brasil Telecom has returned 15.66% as of today's recent price of $15.65.
Over the past year, Brasil Telecom has traded in a range of $15.24 to $21.13 and is now at $15.65, 3% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
Brasil Telecom S.A. offers fixed-line telecommunications services in western, central, and southern Brazil. The Company provides local and intrastate telephone services, and interstate long-distance telephone services between states in its concession area. It also offers network interconnection and data transmission services, conference calls, caller ID, and toll-free numbers.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Brasil Telecom.
Log in and add Brasil Telecom (BTM) 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
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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
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