Telecom Argentina (NYSE:TEO) traded in a range yesterday that spanned from a low of $24.86 to a high of $25.58. Yesterday’s high of the day pierced the 3-day high of $25.15 on volume of 327,000 shares.
Shares of Telecom Argentina have been range bound for the past 3-days between a high of $25.15 and a low of $24.26 and have traded with a 30-day average daily volume of 332,000 shares.
Look for shares of TEO to trade within a new higher trading range with support at $25.15 and move along with its peers in the Telecom Services- Foreign SmarTrend industry.
SmarTrend currently has shares of Telecom Argentina in an Uptrend and issued the Uptrend alert on June 03, 2010 at $17.00. The stock has risen 44.9% since the Uptrend alert was issued.