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After Yesterday's Decline of 4.37%, Centurylink Inc Offers Investors Better Value

By Shiri Gupta

Centurylink Inc (NYSE:CTL) traded in a range yesterday that spanned from a low of $16.87 to a high of $17.83. Yesterday, the shares fell 4.4%, which took the trading range below the 3-day low of $17.79 on volume of 5.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Centurylink Inc on August 31st, 2018 by issuing a Downtrend alert when the shares were trading at $21.52. Since that call, shares of Centurylink Inc have fallen 17.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Centurylink Inc share prices have been bracketed by a low of $13.81 and a high of $24.20 and are now at $17.07, 24% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.

Keywords: rebounders centurylink inc

Ticker(s): CTL