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TMCNet:  Uptrend Call Working As SK Telecom Stock Rises 40.7% (SKM)

[February 05, 2013]

Uptrend Call Working As SK Telecom Stock Rises 40.7% (SKM)

Feb 05, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for SK Telecom (NYSE:SKM) on July 3rd, 2012 at $12.54. In approximately 7 months, SK Telecom has returned 40.73% as of today's recent price of $17.64.

Over the past year, SK Telecom has traded in a range of $10.85 to $17.99 and is now at $17.64, 63% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SK Telecom Co., Ltd., an affiliate of SK Group, offers telecommunications services and products in South Korea. The Company provides mobile phone services under the brand names Speed 011. In addition, SK Telecom and its subsidiaries offer other wireless services including data, paging, and Internet services.



SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of SK Telecom shares.Log in and add SK Telecom (SKM) 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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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