CenturyTel Bearish Moving Average Crossover Alert (CTL)
Today, shares of CenturyTel (NYSE:CTL) have fallen below their 10-day MA of $30.82 on a volume of 2.4 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
CenturyTel share prices have moved between a 52-week high of $36.39 and a 52-week low of $21.94 and are now trading 40% above that low price at $30.63 per share. 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 subscribers consider buying shares of CenturyTel on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.12. Since that recommendation, shares of CenturyTel have risen 6.5%. We continue to monitor CTL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Centurytel