Telenor ASA (OTCMKTS:TELNF) Stock Crosses Above 50 Day Moving Average – Here’s Why

Telenor ASA (OTCMKTS:TELNFGet Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.28 and traded as high as $12.64. Telenor ASA shares last traded at $12.30, with a volume of 1,300 shares trading hands.

Telenor ASA Price Performance

The business has a 50-day simple moving average of $12.28 and a two-hundred day simple moving average of $11.77.

About Telenor ASA

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Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.

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