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Telefonica Crosses Below its 10-day MA (TEF)

By Nick Russo

Today, shares of Telefonica (NYSE:TEF) have fallen below their 10-day MA of $9.73 on a volume of 2.1 million shares. Swing traders may find an opportunity 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 the current low of $8.74 and a high of $15.54 and are now at $8.87. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.7%.

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

Keywords: moving crosses Telefonica

Ticker(s): TEF