TMCnet News
CenturyTel (CTL) Breaks Through Support at $35.98Jul 18, 2013 (SmarTrend(R) News Watch via COMTEX) -- CenturyTel (NYSE:CTL) has opened bearishly below the pivot of $36.23 today and has reached the first level of support at $35.98. Should the shares continue to fall, the support pivots of $35.84 and $35.45 will be of interest. CenturyTel share prices have moved between a 52-week high of $43.43 and a 52-week low of $32.05 and are now trading 12% above that low price at $36.05 per share. The 200-day and 50-day moving averages have moved 0.22% lower and 0.14% lower over the past week, respectively. Potential upside of 5.1% exists for CenturyTel, based on a current level of $36.05 and analysts' average consensus price target of $37.88. The stock should find resistance at its 200-day moving average (MA) of $37.47, as well as support at its 50-day MA of $35.98. 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 |