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Shares of TLKGY Down 62.2% Since Downtrend Call on Shares
Jan 17, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Telkom SA (NYSE:TLKGY) on June 23rd, 2011 at $20.18. In approximately 19 months, Telkom SA has returned 62.24% as of today's recent price of $7.62.
Telkom SA share prices have moved between a 52-week high of $15.30 and a 52-week low of $6.75 and are now trading 13% above that low price at $7.62 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.4%.
Telkom South Africa Limited is a full-service telecommunications provider for South Africa. As the only fixed-line communications network operator in South Africa, Telkom offers business, residential, and payphone customers a range of voice and data services. Telkom also owns 50% of Vodacom Group (Pty) Limited, the largest cellular phone network operator in South Africa.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Telkom SA.
Log in and add Telkom SA (TLKGY) 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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