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Telephone & Data Systems Bearish Moving Average Crossover Alert (TDS)

By Shiri Gupta

Telephone & Data Systems (AMEX:TDS) shares have crossed bearishly below their 10-day moving average of $29.42 on a volume of 597K 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, Telephone & Data Systems share prices have been bracketed by a low of $20.83 and a high of $30.76 and are now at $25.76, 24% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Telephone & Data Systems and will alert subscribers who have TDS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:tds telephone & data systems

Ticker(s): TDS