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Frontier Communications: The Losing Streak Continues (FTR)

By Amy Schwartz

Shares of Frontier Communications (NYSE:FTR) traded today at $1.20, breaking its 52-week low. This new low was reached on below average trading volume as 9.9 million shares traded hands, while the average 30-day volume is approximately 18 million shares.

In the past 52 weeks, Frontier Communications share prices have been bracketed by a current low of $1.20 and a high of $6.90 and are now at $1.24. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

Frontier Communications has overhead space with shares priced $1.24, or 69.4% below the average consensus analyst price target of $4.03. The stock should find initial resistance at its 200-day moving average (MA) of $5.01 and further resistance at its 50-day MA of $5.42.

Frontier Communications Corporation provides communications services to rural areas and small and medium-sized towns and cities. The Company offers a variety of voice, data, and Internet, and television services.

SmarTrend recommended that its subscribers protect gains by selling shares of Frontier Communications on February 28th, 2017 by issuing a Downtrend alert when the shares were trading at $3.01. Since that call, shares of Frontier Communications have fallen 60.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Frontier Communications

Ticker(s): FTR