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Bearish Moving Average Cross by CenturyTel (CTL)

By David Diaz

CenturyTel (NYSE:CTL) shares have crossed bearishly below their 10-day moving average of $27.59 on a volume of 653K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of CenturyTel have traded between a low of $21.94 and a high of $36.39 and are now at $27.30, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of CenturyTel on May 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $30.61. Since that call, shares of CenturyTel have fallen 8.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Centurytel

Ticker(s): CTL