traded at a new 52-week low Friday of $10.41. Approximately 895,000 shares have traded hands Friday vs. average 30-day volume of 619,000 shares.
Telecom Italia closed at $10.44, approximately 14.4% below its 50-day moving average of $12.19. SmarTrend will be monitoring shares of TI to see if this bearish momentum will continue.
In the last five trading sessions, the 50-day MA has fallen 0.82% while the 200-day MA has slid 0.29%.
In the past 52 weeks, shares of Telecom Italia have traded between a low of $10.75 and a high of $16.04 and are now at $10.45, which is 65% of that high price.
SmarTrend currently has shares of Telecom Italia in an Downtrend and issued the Downtrend alert on April 18, 2011 at $14.14. The stock has fallen 21.4% since the Downtrend alert was issued.