TMCNet:  Downtrend Call Working As Telkom SA Stock Falls 65.1% (TLKGY)

[December 11, 2012]

Downtrend Call Working As Telkom SA Stock Falls 65.1% (TLKGY)

Dec 11, 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 65.06% as of today's recent price of $7.05.


Telkom SA share prices have moved between a 52-week high of $15.30 and a 52-week low of $6.75 and are now trading 4% above that low price at $7.05 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.7%.

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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