Here's Why 'Trend' Investors Would Love Betting on Telenor (TELNY) [Yahoo! Finance]
TELENOR ASA S/ADR (TELNY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going. Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. Telenor ASA (TELNY) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could
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