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Shares of Nippon Telegraph & Telephone Rise Above Previous 52-Week High

By Nick Russo

Nippon Telegraph & Telephone (NYSE:NTT) traded today at a new 52-week high of $47.32. This new high was reached on below average trading volume as 67,000 shares traded hands, while the average 30-day volume is approximately 295,000 shares.

In the past 52 weeks, shares of Nippon Telegraph & Telephone have traded between a low of $33.66 and a high of $47.32 and are now at $47.31, which is 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

Nippon Telegraph & Telephone (NYSE:NTT) is currently priced 9.6% above its average consensus analyst price target of $42.76. Nippon Telegraph & Telephone shares have support at the 50-day moving average (MA) of $43.86 and additional support at the 200-day MA of $39.98.

NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT) provides a variety of telecommunication services, including telephone, telegraph, leased circuits, data communication, terminal equipment sales, and related services. The Company provides both local and long distance telephone services within Japan.

SmarTrend is monitoring the recent change of momentum in Nippon Telegraph & Telephone. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nippon Telegraph & Telephone in search of a potential trend change.

Keywords: 52 week high/lows nippon telegraph & telephone

Ticker(s): NTT