TIM Participacoes S.A. (TSU) : Traders are bullish on TIM Participacoes S.A. (TSU) as it has outperformed the S&P 500 by a wide margin of 15.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.22% in the last 1 week, and is up 19.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 11.84% and the 50-Day Moving Average is 22.66%. TIM Participacoes S.A. is up 16.23% in the last 3-month period. Year-to-Date the stock performance stands at 56.03%.
TIM Participacoes S.A. (NYSE:TSU): stock turned positive on Friday. Though the stock opened at $12.85, the bulls momentum made the stock top out at $13.01 level for the day. The stock recorded a low of $12.68 and closed the trading day at $12.89, in the green by 1.50%. The total traded volume for the day was 1,406,887. The stock had closed at $12.7 in the previous days trading.
TIM Participacoes S.A. is a holding company. The Company provides mobile telecommunication services in Brazil. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. The Companys wholly owned subsidiaries include TIM Celular S.A., which provides landline telephone services (STFC) – domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (SCM) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC – local voices services and SCM services in all Brazilian states and in the Federal District (DF). The Company offers global system for mobile communications (GSM) telecommunications services, 3G and 4G technologies.