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After Yesterday's Decline of 1.26%, Centurylink Inc Offers Investors Better Value

By Shiri Gupta

Centurylink Inc (NYSE:CTL) traded in a range yesterday that spanned from a low of $13.68 to a high of $14.17. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $14.20 on volume of 3.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Centurylink Inc has traded in a range of $9.64 to $19.05 and is now at $14.01, 45% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Centurylink Inc and will alert subscribers who have CTL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders centurylink inc

Ticker(s): CTL