TIM Participacoes S.A. (TSU) : Traders are bullish on TIM Participacoes S.A. (TSU) as it has outperformed the S&P 500 by a margin of 19.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.35%, 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 3.99% in the last 1 week, and is up 27.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
TIM Participacoes S.A. (NYSE:TSU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.11 and $11.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.25, notching a gain of 1.58% for the day. The total traded volume was 1,100,298 . The stock had closed at $12.06 on the previous day.
The stock has recorded a 20-day Moving Average of 12.37% and the 50-Day Moving Average is 18.71%. TIM Participacoes S.A. is up 9.38% in the last 3-month period. Year-to-Date the stock performance stands at 48.29%.
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.