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Telkom SA Has Returned 29.8% Since SmarTrend Recommendation (TLKGY)

By David Diaz

SmarTrend identified an Uptrend for Telkom SA (NYSE:TLKGY) on June 13th, 2016 at $17.80. In approximately 9 months, Telkom SA has returned 29.77% as of today's recent price of $23.10.

Telkom SA share prices have moved between a 52-week high of $26.62 and a 52-week low of $13.30 and are now trading 74% above that low price at $23.10 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Telkom South Africa Limited is a full-service telecommunications provider for South Africa. As the only fixed-line communications network operator in South Africa, Telkom offers business, residential, and payphone customers a range of voice and data services. Telkom also owns 50% of Vodacom Group (Pty) Limited, the largest cellular phone network operator in South Africa.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Telkom SA shares.

Log in and add Telkom SA (TLKGY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights telkom sa

Ticker(s): TLKGY