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TMCNet:  Shares of BTM Down 15.7% Since Downtrend Call on Shares

[January 03, 2013]

Shares of BTM Down 15.7% Since Downtrend Call on Shares

Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Brasil Telecom (NYSE:BTM) on March 12th, 2012 at $18.56. In approximately 10 months, Brasil Telecom has returned 15.66% as of today's recent price of $15.65.

Over the past year, Brasil Telecom has traded in a range of $15.24 to $21.13 and is now at $15.65, 3% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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