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Telefonica Bearish Moving Average Crossover Alert (TEF)

By James Quinn

Telefonica (NYSE:TEF) crossed under its 10-day moving average of $10.53 on a volume of 414K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Telefonica have traded between a low of $9.47 and a high of $15.54 and are now at $10.30, which is 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses Telefonica

Ticker(s): TEF