Technical Study: Telefonica Brasil S.A., Mobile Telesystems OJSC, China Mobile
Ltd, and SK Telecom Co. Ltd
LONDON, November 6, 2013
LONDON, November 6, 2013 /PRNewswire/ --
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On Tuesday, November 5, 2013, the U.S. equity market ended on a mixed note.
The S&P 500 and the Dow Jones Industrial Average fell by 0.28% and 0.13%,
respectively, while the NASDAQ Composite gained 0.08%. Shares in the wireless
communications industry ended on a lower note, even as the broader market
fluctuated between gains and losses. The major movers in the industry included
Telefonica Brasil S.A. (NYSE: VIV), Mobile Telesystems OJSC (NYSE: MBT), China
Mobile Ltd (NYSE: CHL), and SK Telecom Co. Ltd (NYSE: SKM).
AAAResearchReports.com free coverage on VIV, MBT, CHL, and SKM is available
upon registration at:
Telefonica Brasil S.A.'s shares closed the day at$20.73, down 2.90%, after
oscillating between$20.72 and $21.13 during the trading session. A total of
1.30 million shares were traded, which is below the daily average volume of
1.57 million. The company's shares have lost 3.76% in the previous three
months, compared to a gain of 3.27% in the S&P 500 during the same period.
Furthermore, Telefonica Brasil S.A.'s stock is trading below its 50-day and
200-day moving averages of $21.96 and $23.91, respectively. Download free
technical research on VIV by signing up at:
Mobile Telesystems OJSC's shares declined 1.00% on Tuesday, even as the
broader market fluctuated between gains and losses. The company's shares
closed at$22.83 after oscillating between$22.75 and$23.03 during the
trading session. A total of 0.91 million shares were traded, which is below
the daily average volume of 1.69 million. The company's shares have gained
0.13% in the previous three trading sessions, underperforming the S&P 500,
which has gained 0.37% during the same period. Further, Mobile Telesystems
OJSC's stock is trading above its 50-day and 200-day moving averages of $22.46
and $20.52, respectively. Register now and get access to free analysis on MBT
On Tuesday, China Mobile Ltd's stock edged lower to end the day at $51.93,
down 0.75% from the previous day's closing price of $52.32. The company's
shares vacillated between $51.72 and $52.11 during the trading session. A
total of 0.66 million shares were traded, which is below the daily average
volume of 0.85 million. The company's shares have lost 0.17% in the previous
three trading sessions, compared to a gain of 0.37% in the S&P 500 during the
same period. Moreover, China Mobile Ltd's stock is trading below its 50-day
and 200-day moving averages of $54.79 and $53.74, respectively. Sign up and
read our complimentary report on CHL at:
SK Telecom Co. Ltd's stock fell by 1.38% on Tuesday, even as the broader
market finished on a mixed note. The company's shares vacillated between
$24.20 and $24.40 before ending the day at $24.21. A total of 0.81 million
shares were traded, which is at par with the daily average volume. Despite
Tuesday's decline, the company's shares have gained 8.47% in the previous
three months, outperforming the S&P 500, which has advanced 3.27% during the
same period. Additionally, SK Telecom Co. Ltd's stock is trading above its
50-day and 200-day moving averages of $23.08 and $20.51, respectively. The
free report on SKM can be downloaded by signing up now at:
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