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TMCNet: KT Down 17.3% Since SmarTrend Downtrend Call (KT)

[June 27, 2012]

KT Down 17.3% Since SmarTrend Downtrend Call (KT)

Jun 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for KT (NYSE:KT) on November 21st, 2011 at $15.35. In approximately 7 months, KT has returned 17.25% as of today's recent price of $12.70.

KT share prices have moved between a 52-week high of $20.07 and a 52-week low of $11.64 and are now trading 9% above that low price at $12.70 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.5%.

KT Corporation provides telecommunication services including local, long distance, and international calling, satellite communication, data transmission, and wireless telephone services in South Korea. The Company also offers network portal and high-speed Internet access services using asymmetric digital subscriber lines (ADSLs).

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of KT.

Log in and add KT (KT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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