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Watch for Shares of Centurylink Inc (CTL) to Approach Support at $19.66

By Shiri Gupta

Shares of Centurylink Inc (NYSE:CTL) have bearishly opened below the pivot of $20.03 today and have reached the first support level of $19.85. Should the shares continue to fall, the support pivots of $19.66 and $19.29 will be of interest.

Over the past year, Centurylink Inc has traded in a range of $18.41 to $33.45 and is now at $19.88, 8% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

There is potential upside of 30.8% for shares of Centurylink Inc based on a current price of $19.88 and an average consensus analyst price target of $26.00. The stock should find initial resistance at its 200-day moving average (MA) of $27.86 and further resistance at its 50-day MA of $31.54.

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 17.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts centurylink inc

Ticker(s): CTL