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Windstream Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Shares of Windstream (NASDAQ:WIN) traded today at $4.12, breaking its 52-week low. This new low was reached on below average trading volume as 919,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.

Windstream Corporation offers telecommunications services to residential and business customers in rural communities in the United States. The Company provides local telephone, high-speed Internet, long distance, network access, and video services in multiple states.

Potential upside of 122.9% exists for Windstream, based on a current level of $4.15 and analysts' average consensus price target of $9.25. Windstream shares should first meet resistance at the 200-day moving average (MA) of $6.69 and find additional resistance at the 50-day MA of $8.03.

In the past 52 weeks, Windstream share prices have been bracketed by a current low of $4.12 and a high of $50.82 and are now at $4.15. The 200-day and 50-day moving averages have moved 1.10% higher and 2.55% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Windstream on February 9th, 2017 by issuing a Downtrend alert when the shares were trading at $7.17. Since that call, shares of Windstream have fallen 41.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Windstream

Ticker(s): WIN