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SK Telecom Rising on Above-Average Volume, Consistent With Trend (SKM)
Jan 22, 2013 (SmarTrend(R) News Watch via COMTEX) --
SK Telecom's stock is up 5.0% to $17.94 on heavy trading volume. Approximately 2.2 million shares have changed hands today vs. average 30-day volume of 1.4 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of SK Telecom on July 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.54. Since that recommendation, shares of SK Telecom have risen 36.3%. We continue to monitor SKM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, SK Telecom share prices have been bracketed by a low of $10.85 and a high of $17.98 and are now at $17.95, 65% above that low price. The 200-day and 50-day moving averages have moved 0.54% higher and 0.83% higher over the past week, respectively.
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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