Shares of France Telecom Are Moving Lower on 1.5x Above-Average Volume (FTE)

Published on Tue, 02/26/2013 - 14:14
By Robert Cotter in Unusual volume, FTE, france telecom, nyse:fte, unusual volume

Shares of France Telecom are trading today in above average volume, with the share price falling 1.4% to $9.55. About 2.9 million shares have been traded today, as compared to the 30-day average volume of 2.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

France Telecom SA provides telecommunications services to residential, professional, and large business customers. The Company offers public fixed-line telephone, leased lines and data transmission, mobile telecommunications, cable television, Internet and wireless applications, and broadcasting services, and telecommunications equipment sales and rentals.

There is potential upside of 49.7% for shares of France Telecom based on a current price of $9.55 and an average consensus analyst price target of $14.30. The stock should find initial resistance at its 50-day moving average (MA) of $11.07 and further resistance at its 200-day MA of $12.17.

In the past 52 weeks, France Telecom share prices have been bracketed by a current low of $9.50 and a high of $15.80 and are now at $9.55. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.5%.

By Robert Cotter
rcotter@fnno.com

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