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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By David Diaz

Centurylink Inc (NYSE:CTL) traded in a range yesterday that spanned from a low of $23.32 to a high of $23.78. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $23.53 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Centurylink Inc has traded in a range of $22.26 to $33.45 and is now at $23.66, 6% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-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 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders centurylink inc

Ticker(s): CTL