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Shares of BTM Down 15.7% Since Downtrend Call on SharesDec 12, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Brasil Telecom (NYSE:BTM) on March 12th, 2012 at $18.56. In approximately 9 months, Brasil Telecom has returned 15.66% as of today's recent price of $15.65. Brasil Telecom share prices have moved between a 52-week high of $21.13 and a 52-week low of $15.24 and are now trading 3% above that low price at $15.65 per share. The 200-day and 50-day moving averages have moved 0% lower and 0% lower over the past week, respectively. Brasil Telecom S.A. offers fixed-line telecommunications services in western, central, and southern Brazil. The Company provides local and intrastate telephone services, and interstate long-distance telephone services between states in its concession area. It also offers network interconnection and data transmission services, conference calls, caller ID, and toll-free numbers. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Brasil Telecom. Log in and add Brasil Telecom (BTM) 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 [email protected] --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |