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NTT DoCoMo Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Shares of NTT DoCoMo (NYSE:DCM) traded at a new 52-week high today of $26.80. Approximately 62,000 shares have changed hands today, as compared to an average 30-day volume of 180,000 shares.

In the past 52 weeks, shares of NTT DoCoMo have traded between a low of $16.55 and a high of $26.80 and are now at $26.68, which is 61% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

NTT DoCoMo, Inc. provides various types of telecommunication services including cellular phones, satellite mobile communication, and wireless LAN Network. The Company also sells cellular phones, and other equipment.

NTT DoCoMo (NYSE:DCM) is currently priced 17.0% above its average consensus analyst price target of $22.14. NTT DoCoMo shares have support at the 50-day moving average (MA) of $23.65 and additional support at the 200-day MA of $21.09.

SmarTrend recommended that subscribers consider buying shares of NTT DoCoMo on October 20th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.68. Since that recommendation, shares of NTT DoCoMo have risen 37.5%. We continue to monitor DCM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ntt docomo

Ticker(s): DCM