Shares of Telecom of New Zealand NZT traded at a new 52-week high today of $11.49. Approximately 121,000 shares have traded hands today vs. average 30-day volume of 578,000 shares.
Telecom of New Zealand is currently trading at $11.4, approximately 16.3% above its 50-day moving average of $9.80. SmarTrend will be monitoring shares of NZT to see if this bullish momentum will continue.
In the last five trading sessions, the 50-day MA has climbed 1.81% while the 200-day MA has risen 0.76%.
In the past 52 weeks, shares of Telecom of New Zealand have traded between a low of $6.65 and a high of $11.34 and are now at $11.42, which is 72% above that low price.
SmarTrend currently has shares of Telecom of New Zealand in an Uptrend and issued the Uptrend alert on April 18, 2011 at $8.06. The stock has risen 40.2% since the Uptrend alert was issued.
Write to Chip Brian at cbrian@mysmartrend.com
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