TMCnet News
Windstream (WIN) Crosses Pivot Point Support at $9.56Jan 16, 2013 (SmarTrend(R) News Watch via COMTEX) -- Windstream (NASDAQ:WIN) has opened bearishly below the pivot of $9.78 today and has reached the first level of support at $9.56. Analysts will be watching for a cross of the next downside pivot targets of $9.40 and $9.02. Windstream share prices have moved between a 52-week high of $13.57 and a 52-week low of $7.86 and are now trading 22% above that low price at $9.56 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.3%. Potential upside of 6.0% exists for Windstream, based on a current level of $9.56 and analysts' average consensus price target of $10.13. Windstream shares should encounter resistance at the 200-day moving average (MA) of $9.79 and support at the 50-day MA of $8.77. SmarTrend is monitoring the recent change of momentum in Windstream. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Windstream in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |