China Telecom Corporation Limited (CHA) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for CHA broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 8.8% in the past four weeks. Plus, the company currently has a Zacks Rank #4 (Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.

 
CHINA TELCM-ADR (CHA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
China Telecom (NYSE:CHA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more China Telecom Charts.
China Telecom (NYSE:CHA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more China Telecom Charts.