AT&T announced its merger with Time Warner to create a telecom/media giant, but investors are unsure whether the deal will happen. These ETFs may help them benefit if it does.
Verizon has been placing a greater emphasis on content initiatives, though some investors are wondering what will happen with Yahoo!. These three ETFs will benefit if investors like the results.
In trading on Wednesday, shares of the Vanguard Telecommunication Services ETF crossed above their 200 day moving average of $86.78, changing hands as high as $87.32 per share. Vanguard Telecommunication Services shares are currently trading up about 0.4% on the day.
In trading on Friday, shares of the Vanguard Telecommunication Services ETF entered into oversold territory, changing hands as low as $83.5108 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.