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CenturyTel Crosses Above its 10-day MA (CTL)

By James Quinn

Today, shares of CenturyTel (NYSE:CTL) have advanced above their 10-day MA of $27.10 on a volume of 2.9 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $27.57, which is 26% above that low price. Over the last five market days, 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 May 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $30.61. Since that call, shares of CenturyTel have fallen 12.8%. 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