[October 02, 2009] Telefonos de Mexico (TMX) Downgrade Alert, Watch for 3.2% Technical Downtrend Continuation Tweet Oct 02, 2009 (SmarTrend(R) Spotlight via COMTEX) -- Telefonos de Mexico (NYSE:TMX) downgraded to Underweight at JP Morgan. The stock closed yesterday at $16.85 on volume of 1,029,400 shares, below average daily volume of 1,291,282. Telefonos de Mexico is currently below its 50-day moving average of $17.52 and should find support at its 200-day moving average of $16.79. SmarTrend is bearish on shares of TMX and our subscribers received a Downtrend alert on September 24, 2009 at $17.41, which has returned 3.2% to date. 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.TradeTheTrend.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.TradeTheTrend.com/signup.html [ Back To TMCnet.com's Homepage ]