Positive Short-term Signal: France Telecom Jumps 4.6% $FTE

France Telecom (FTE) Six Month Price Chart (click image to enlarge)

US markets closed higher by approximately half a percent with homebuilders (XLB) and utilities (XLU) leading the move higher with both sectors rising a percentage point each.

Big mover of the day was France Telecom (Ticker FTE) listed on the NYSE jumping 4.6% today. The strong upward move by the stock broke its downtrend which had resulted in share price decline of 30% in the past six months.

SiAlpha has triggered a short-term positive signal on a three month outlook. Immediate 30 day signal remains negative.

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