TwinTrader.com announces the publication of Breakout for CEL; highlighting public companies on the move and what’s behind the surge.
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“Cellcom Israel Ltd. provides cellular telephone services in Israel. It offers basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services. The company's basic cellular telephony services include voicemail, cellular fax, call waiting, call forwarding, caller identification, conference calling, Push-and-Talk, Talk 2, additional number, collect call, and outbound and inbound roaming services…
“Recent articles from CNBC, Seeking Alpha and the Motley Fool pointing out the merits of owning Cellcom Israel have generated enough interest to break this stock out of its all-time highs. Cellcom Israel is a fast-growing company within a fast-growing Israeli cellular market…
“The daily chart shows the stock traded back to its historically reliable 50-day moving average. The chart shows a beautiful upwardly-trending price action. The RSI stands at a neutral reading, indicating that the stock is not close to exhausting itself on this move. The MACD indicates a possible consolidation between the $33 and $36 area. But another assault above $36 could see some heavy buying and short covering...”
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