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TEO Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Wednesday, June 1, 11:37 AM ET
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In trading on Wednesday, shares of Telecom Argentina SA (NYSE:TEO) crossed below their 200 day moving average of $23.64, changing hands as low as $23.60 per share. Telecom Argentina SA shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of TEO shares, versus its 200 day moving average:

Telecom Argentina SA 200 Day Moving Average Chart

Looking at the chart above, TEO's low point in its 52 week range is $15.76 per share, with $27.23 as the 52 week high point — that compares with a last trade of $23.60.

According to the ETF Finder at ETF Channel, TEO makes up 2.15% of the Guggenheim Frontier Markets ETF (AMEX:FRN) which is trading lower by about 0.7% on the day Wednesday.

     See what other ETFs contain TEO »
     See what other stocks are held by FRN »

TEO operates in the Communications Services sector, among companies like CenturyLink, Inc. (NYSE:CTL) which is off about 0.3% today, and France Telecom S.A. (NYSE:FTE) trading lower by about 1.4%. Below is a three month price history chart comparing the stock performance of TEO, versus CTL and FTE.

TEO,CTL,FTE Relative Performance Chart


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This Article's Word Cloud:   AMEX   Argentina   Average   Below   Channel   ETFs   Finder   France   Free   GROWTH   INVESTMENT   Markets   Moving   NYSE   PORTFOLIO   Portfolio   Telecom   Wednesday   about   among   asset   average   below   cash   chart   companies   currently   designed   growth   hands   history   lower   moving   operates   other   performance   point   portfolio   share   shares   slideshow   stocks   there   trading   versus   week   what   which   with   year
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