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Watch for Centurylink Inc to Potentially Rebound After Falling 4.37% Yesterday

By David Diaz

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, shares of Centurylink Inc have traded between a low of $13.81 and a high of $24.20 and are now at $17.07, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has remained constant.

Keywords: rebounders centurylink inc

Ticker(s): CTL