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Shares of Telecom Italia Are Down on Strong Volume (TI)
Jan 23, 2013 (SmarTrend(R) News Watch via COMTEX) --
The price of Telecom Italia shares has slipped to $9.66 (a 2.5% change) on heavy trading volume. Today's volume of 1.2 million shares tops the average 30-day volume of 270,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend is monitoring the recent change of momentum in Telecom Italia. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Telecom Italia in search of a potential trend change.
Telecom Italia share prices have moved between a 52-week high of $12.38 and a 52-week low of $7.31 and are now trading 32% above that low price at $9.68 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.
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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