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Philippine Long Distance Telephone Co. Breaks Above 200-Day Moving Average - Bullish for PHI
By Market News Video Staff, Friday, June 24, 4:12 PM ET
In trading on Friday, shares of Philippine Long Distance Telephone Co. (NYSE:PHI) crossed above their 200 day moving average of $55.14, changing hands as high as $55.20 per share. Philippine Long Distance Telephone Co. shares are currently trading up about 1.3% on the day. The chart below shows the one year performance of PHI shares, versus its 200 day moving average:
Looking at the chart above, PHI's low point in its 52 week range is $46.08 per share, with $64.54 as the 52 week high point — that compares with a last trade of $55.00.
PHI operates in the Communications Services sector, among companies like Iridium Communications Inc (NASDAQ:IRDM) which is off about 0.7% today, and Sycamore Networks Inc (SCMR) trading up by about 0.8%. Below is a three month price history chart comparing the stock performance of PHI, versus IRDM and SCMR.
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