Telecom Argentina Breaks Above 200-Day Moving Average - Bullish for TEO

In trading on Wednesday, shares of Telecom Argentina SA (TEO) crossed above their 200 day moving average of $17.46, changing hands as high as $17.56 per share. Telecom Argentina SA shares are currently trading up about 3.3% on the day. The chart below shows the one year performance of TEO shares, versus its 200 day moving average:

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Telecom Argentina SA 200 Day Moving Average Chart

Looking at the chart above, TEO's low point in its 52 week range is $13.11 per share, with $21.56 as the 52 week high point — that compares with a last trade of $17.39.

According to the ETF Finder at ETF Channel, TEO makes up 4.32% of the FTSE Argentina 20 ETF ( ARGT) which is trading higher by about 0.1% on the day Wednesday.

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