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Uptrend Call Working As Mobile Telesystems Stock Rises 27.5% (MBT)

By James Quinn

SmarTrend identified an Uptrend for Mobile Telesystems (NYSE:MBT) on December 1st, 2016 at $8.17. In approximately 5 months, Mobile Telesystems has returned 27.54% as of today's recent price of $10.42.

In the past 52 weeks, shares of Mobile Telesystems have traded between a low of $5.15 and a high of $12.79 and are now at $10.42, which is 102% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.0%.

Mobile TeleSystems provides mobile telephone services in Russia and the former Soviet Union. The Company uses the GSM 900/1800 standard, operating throughout Russia and throughout Belarus, Ukraine, and Uzbekistan.

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

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

Keywords: spotlights mobile telesystems

Ticker(s): MBT