Trading Higher on Heavy Volume are Shares of Telekomunikasi Indonesia on 1x Above-Average Volume (TLK)

Shares of Telekomunikasi Indonesia TLK are trading up 1.2% to $35.65 today on above average volume. Approximately 252,000 shares have traded hands today vs. average 30-day volume of 250,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of TLK to see if this bullish momentum will continue.

SmarTrend is monitoring the recent change of momentum in Telekomunikasi Indonesia. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Telekomunikasi Indonesia in search of a potential trend change.

In the last five trading sessions, the 50-day MA has fallen 0.18% while the 200-day MA has slid 0.27%.

In the past 52 weeks, shares of Telekomunikasi Indonesia have traded between a low of $30.51 and a high of $43.80 and are now at $35.50, which is 16% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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