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SK Telecom Crosses Above its 10-day MA (SKM)

By David Diaz

SK Telecom (NYSE:SKM) shares have crossed bullishly above their 10-day moving average of $19.84 on a volume of 182K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, SK Telecom share prices have been bracketed by a low of $17.52 and a high of $29.34 and are now at $19.95, 14% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for SK Telecom and will alert subscribers who have SKM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sk telecom

Ticker(s): SKM