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SmarTrend Watching for Potential Rebound in Shares of Centurylink Inc After 9.42% Loss

By Nick Russo

Centurylink Inc (NYSE:CTL) traded in a range yesterday that spanned from a low of $18.10 to a high of $19.33. Yesterday, the shares fell 9.4%, which took the trading range below the 3-day low of $20.89 on volume of 14.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Centurylink Inc has traded in a range of $13.16 to $24.20 and is now at $18.98, 44% above that low. The 200-day and 50-day moving averages have moved 0.38% higher and 0.53% lower over the past week, respectively.

Keywords: rebounders centurylink inc

Ticker(s): CTL