Feb. 21 (Bloomberg) -- Magyar Telekom Nyrt., Hungary’s former phone monopoly, fell from the highest in more than seven months as a technical indicator suggested the rally was overdone.
The shares fell 1 percent to 574 forint by the close in Budapest. Magyar Telekom’s 1.2 percent jump yesterday pushed the stock’s 14-day relative strength index to 73, the highest since April. A reading above 70 indicates to some technical analysts a security may decline. The RSI last stood at 68.
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