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TMCNet:  Telkom SA Has Returned 66.3% Since SmarTrend Recommendation (TLKGY)

[December 04, 2012]

Telkom SA Has Returned 66.3% Since SmarTrend Recommendation (TLKGY)

Dec 04, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Telkom SA (NYSE:TLKGY) on June 23rd, 2011 at $20.18. In approximately 18 months, Telkom SA has returned 66.25% as of today's recent price of $6.81.

In the past 52 weeks, Telkom SA share prices have been bracketed by a low of $6.75 and a high of $15.30 and are now at $6.81, 1% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 1%.

Telkom South Africa Limited is a full-service telecommunications provider for South Africa. As the only fixed-line communications network operator in South Africa, Telkom offers business, residential, and payphone customers a range of voice and data services. Telkom also owns 50% of Vodacom Group (Pty) Limited, the largest cellular phone network operator in South Africa.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Telkom SA.

Log in and add Telkom SA (TLKGY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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