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TNE Crosses Below Key Moving Average Level

By Market News Video Staff, Thursday, June 16, 11:34 AM ET
Now Playing: Learn About The 200 DMA


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In trading on Thursday, shares of Tele Norte Leste Participacoes S.A. (TNE) crossed below their 200 day moving average of $15.74, changing hands as low as $15.47 per share. Tele Norte Leste Participacoes S.A. shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of TNE shares, versus its 200 day moving average:

Tele Norte Leste Participacoes S.A. 200 Day Moving Average Chart

Looking at the chart above, TNE's low point in its 52 week range is $13.19 per share, with $19.22 as the 52 week high point — that compares with a last trade of $15.48.

According to the ETF Finder at ETF Channel, TNE makes up 1.16% of the iShares S&P Latin America 40 Index Fund ETF (AMEX:ILF) which is trading lower by about 0.2% on the day Thursday.

     See what other ETFs contain TNE »
     See what other stocks are held by ILF »

TNE operates in the Communications Services sector, among companies like B Communications Ltd. (NASDAQ:BCOM) which is trading flat today, and GeoEye Inc (NASDAQ:GEOY) trading higher by about 0.5%. Below is a three month price history chart comparing the stock performance of TNE, versus BCOM and GEOY.

TNE,BCOM,GEOY Relative Performance Chart


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This Article's Word Cloud:   AMEX   America   Average   BCOM   Below   Channel   Communications   ETFs   Finder   Free   GEOY   GROWTH   INVESTMENT   Index   Latin   Leste   NASDAQ   Norte   PORTFOLIO   Participacoes   Portfolio   Tele   Thursday   about   among   asset   average   below   cash   chart   designed   lower   moving   operates   other   performance   point   portfolio   share   shares   slideshow   stocks   there   trading   versus   week   what   which   with   year
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