• Return to Headlines

Telephone & Data Set to Possibly Pullback After Yesterday's Rally of 1.19%

By Amy Schwartz

Telephone & Data (NYSE:TDS) traded in a range yesterday that spanned from a low of $23.53 to a high of $23.86. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $23.74 on volume of 58,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Telephone & Data has traded in a range of $22.96 to $32.98 and is now at $23.78, 4% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.6%.

Keywords: rebounders telephone & data

Ticker(s): TDS