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Turkcell Iletisim Hizmet Call Volume Up 17x as Traders Speculate On Higher Prices (TKC)

Written on Mon, 07/26/2010 - 7:31am
By Chip Brian

Shares of Turkcell Iletisim Hizmet (NYSE:TKC) traded relatively unchanged Friday, closing at $13.62. The stock has been drifting higher over the past nine trading days but is currently trading in a technical downtrend.
The call volume Friday was 201 contracts, which is 17x the average daily volume of 12. Usually high call volume is an indicator that many investors are looking for higher prices in the near future.
SmarTrend alerted subscribers to take profits in Turkcell Iletisim Hizmet on May 06, 2010 at $14.26, since then the stock fell 4.5%. We are now watching for any positive developments that could result in a new uptrend signal.

Keywords: turkcell iletisim hizmet unusual option volume

Ticker(s): TKC

Contact Chip Brian



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