Technical Summary: The long term behaviour of SPK is typical of a telco that has been performing well
fundamentally – generally trending higher without all that much fuss. For the last two years the stock has been trading in a range or a long basing period. When zooming into the one year chart this action has been characterised by a medium term downtrend. This appears to be coming to a end however as the stock has moved above its 50-day moving average and has posted a couple of higher lows. The stock does look a little bit overextended and looks like it needs some days of consolidation. But it is setting up in an interesting fashion.