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Next Resistance Level for Centurylink Inc (CTL) is $11.88

By Amy Schwartz

Centurylink Inc (NYSE:CTL) has opened bullishly above the pivot of $11.61 today and has reached the first level of resistance at $11.76. Should the shares continue to rise, the resistance pivots of $11.88 and $12.15 will be of interest.

In the past 52 weeks, shares of Centurylink Inc have traded between a low of $9.64 and a high of $22.08 and are now at $11.63, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.3%.

Potential upside of 69.0% exists for Centurylink Inc, based on a current level of $11.63 and analysts' average consensus price target of $19.65. The stock should run into initial resistance at its 50-day moving average (MA) of $11.89 and subsequent resistance at its 200-day MA of $12.35.

SmarTrend is monitoring the recent change of momentum in Centurylink Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Centurylink Inc in search of a potential trend change.

Keywords: pivot alerts centurylink inc

Ticker(s): CTL