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Downtrend Call Working As Telkom SA Stock Falls 65.1% (TLKGY)
[December 11, 2012]

Downtrend Call Working As Telkom SA Stock Falls 65.1% (TLKGY)

Dec 11, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Telkom SA (NYSE:TLKGY) on June 23rd, 2011 at $20.18. In approximately 18 months, Telkom SA has returned 65.06% as of today's recent price of $7.05.

Telkom SA share prices have moved between a 52-week high of $15.30 and a 52-week low of $6.75 and are now trading 4% above that low price at $7.05 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.7%.

Telkom South Africa Limited is a full-service telecommunications provider for South Africa. As the only fixed-line communications network operator in South Africa, Telkom offers business, residential, and payphone customers a range of voice and data services. Telkom also owns 50% of Vodacom Group (Pty) Limited, the largest cellular phone network operator in South Africa.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Telkom SA.

Log in and add Telkom SA (TLKGY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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