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CenturyTel Bearish Moving Average Crossover Alert (CTL)

By Shiri Gupta

Today, shares of CenturyTel (NYSE:CTL) have fallen below their 10-day MA of $27.41 on a volume of 458K 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 24% above that low price at $27.29 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of CenturyTel on August 29th, 2016 by issuing a Downtrend alert when the shares were trading at $28.82. Since that call, shares of CenturyTel have fallen 4.3%. 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