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Centurylink Inc Crosses Below its 10-day MA (CTL)

By Amy Schwartz

Today, shares of Centurylink Inc (NYSE:CTL) have crossed bearishly below their 10-day moving average of $20.05 on a volume of 1.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Centurylink Inc share prices have been bracketed by a low of $18.41 and a high of $33.45 and are now at $19.79, 7% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.14% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Centurylink Inc on June 29th, 2017 by issuing a Downtrend alert when the shares were trading at $24.42. Since that call, shares of Centurylink Inc have fallen 16.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses centurylink inc

Ticker(s): CTL