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Shares of Centurylink Inc Fall Below Previous 52-Week Low

By Nick Russo

Shares of Centurylink Inc (NYSE:CTL) traded at a new 52-week low today of $21.56. This new low was reached on below average trading volume as 1.8 million shares traded hands, while the average 30-day volume is approximately 4.5 million shares.

Centurylink Inc (NYSE:CTL) has potential upside of 19.8% based on a current price of $21.70 and analysts' consensus price target of $26.00. Centurylink Inc shares should first meet resistance at the 200-day moving average (MA) of $27.86 and find additional resistance at the 50-day MA of $31.54.

CenturyLink Inc. is an integrated communications company that provides communications services, including voice, local and long-distance, network access, private line including special access, public access, broadband, data, managed hosting including cloud hosting, colocation, wireless and video services.

Over the past year, Centurylink Inchas traded in a range of $21.56 to $33.45 and are now at $21.70. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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 11.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows centurylink inc

Ticker(s): CTL