Teléfonos de México, S.A.B. de C.V., together with its subsidiaries, provides fixed-line telephony services primarily in Mexico, the United States, and various countries in Latin America. The company provides fixed local and long distance services; voice, data, and Internet access services; and cable television services. It also offers other telecommunications and telecommunications-related services, such as corporate networks, directory services, information network management, telephone and computer equipment sales, satellite services, and interconnection services to other carriers. The company was founded in 1947 and is headquartered in Mexico City, Mexico. Teléfonos de México, S.A.B. de C.V. is a subsidiary of Carso Global Telecom, S.A. de C.V.
TMX (Telefonos De Mexico--$23.98; +0.20; optionable): Fixed line carrier in Mexico, US
Company Profile
EARNINGS: Third week of July
STATUS: Breakout test. TMX broke higher out of a 12 month jagged cup base in late May, surging out of the pattern on strong volume. It rallied into early June, and then when the market sold, TMX came back, testing the breakout and holding the 50 day EMA (23.14) on the close over the past two weeks. It held and started higher last week in a down market, rallying up off of support on strong, above average volume. That is nice action for a stock in this market, and looking to move in as it continues the move off of key support.
Volume: 1.315M Avg Volume: 2.258M
BUY POINT: $24.58 Volume=3M Target=$28.65 Stop=$23.06
POSITION: TMX KX - Nov. $22.50c (62 delta, no OI) &/or Stock 
$24.14 (07/07/08)
