Company Shares of VimpelCom Ltd. (NASDAQ:VIP) Rally 4.99%

VimpelCom Ltd. (NASDAQ:VIP) : Traders are bullish on VimpelCom Ltd. (NASDAQ:VIP) as it has outperformed the S&P 500 by a wide margin of 3.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.66%, 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 4.99% in the last 1 week, and is up 5.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -21.10% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $6.20 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.76 and the 200 Day Moving Average price is recorded at $3.64.

The stock has recorded a 20-day Moving Average of 6.6% and the 50-Day Moving Average is 7.99%.


VimpelCom Ltd. (NASDAQ:VIP): stock turned positive on Friday. Though the stock opened at $4.02, the bulls momentum made the stock top out at $4.02 level for the day. The stock recorded a low of $3.96 and closed the trading day at $4, in the green by 1.27%. The total traded volume for the day was 2,183,675. The stock had closed at $3.95 in the previous days trading.

VimpelCom Ltd. (VimpelCom) is a Netherlands-based holding company. VimpelCom is a global provider of telecommunications services in 14 countries. The Company operates through six segments: Russia, Italy, Algeria, Africa & Asia, Ukraine, and the Commonwealth of Independent States (CIS). The company provides voice and data services through a range of traditional and broadband mobile and fixed-line technologies. The VimpelCom Group operates in Italy and emerging markets, which include companies operating in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. The operations of these companies cover a territory with a total population of approximately 740 million as of December 31, 2014. The Company provides services under the Beeline, Kyivstar, banglalink, Mobilink, Djezzy, WIND and Infostrada brands. As of December 31, 2014, the Company had 222 million mobile customers.

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