[May 13, 2013] SK Telecom Rising Today on Above-Average Volume (SKM) Tweet May 13, 2013 (SmarTrend(R) News Watch via COMTEX) -- SK Telecom's stock is up 3.1% to $22.28 on heavy trading volume. Approximately 1.9 million shares have changed hands today vs. average 30-day volume of 1.5 million shares. Unusually high volume can signify a potential turning point or validate a breakout. SmarTrend recommended that subscribers consider buying shares of SK Telecom on April 23rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.83. Since that recommendation, shares of SK Telecom have risen 14.8%. We continue to monitor SKM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Over the past year, SK Telecom has traded in a range of $10.85 to $22.35 and is now at $22.23, 105% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 1.9%. 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 [ Back To TMCnet.com's Homepage ]