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Chunghwa Telecom Surpasses Key Moving Average with 2.5% Gain

Chunghwa Telecom's shares crossed above the 200-day moving average, signaling positive momentum as they gained 2.5% on the day. Investor interest may rise due to this performance.

Date: 
AI Rating:   7

200-Day Moving Average Performance
Chunghwa Telecom Co Ltd (Symbol: CHT) has experienced a noteworthy increase as its shares crossed above the 200-day moving average of $38.22, reaching highs of $38.80 during trading. Such a movement often indicates a bullish trend and can attract further investor interest.

The share price saw a 2.5% increase on the day, suggesting that investor sentiment is leaning positively. It is essential to mention that the 52-week range for CHT shares is between $35.92 and $40.6183, indicating some volatility but also suggesting a potential growth path within this range if the upward trend continues.