TMCnet News
CenturyTel (CTL) Crosses Pivot Point Resistance at $35.52Apr 04, 2013 (SmarTrend(R) News Watch via COMTEX) -- CenturyTel (NYSE:CTL) has opened bullishly above the pivot of $35.28 today and has reached the first level of resistance at $35.52. Analysts will be watching for a cross of the next upside pivot targets of $35.98 and $36.68. Potential upside of 0.5% exists for CenturyTel, based on a current level of $35.80 and analysts' average consensus price target of $35.96. The stock should find initial resistance at its 50-day moving average (MA) of $36.68 and further resistance at its 200-day MA of $39.22. In the past 52 weeks, CenturyTel share prices have been bracketed by a low of $32.05 and a high of $43.43 and are now at $35.80, 12% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 0.77% lower over the past week, respectively. SmarTrend is tracking the current trend status for CenturyTel and will alert subscribers who have CTL in their portfolio or watchlist when shares have changed trend direction. 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 |