CenturyTel Bearish Moving Average Crossover Alert (CTL)

Published on Thu, 04/16/2015 - 11:16
By Mallory Stone in Moving average crossovers, ctl, centurytel, moving crosses, nyse:ctl

Today, shares of CenturyTel (NYSE:CTL) have fallen below their 10-day MA of $35.63 on a volume of 2.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

There is potential upside of 10.3% for shares of CenturyTel based on a current price of $35.41 and an average consensus analyst price target of $39.04. CenturyTel shares should first meet resistance at the 50-day moving average (MA) of $36.50 and find additional resistance at the 200-day MA of $38.73.

In the past 52 weeks, shares of CenturyTel have traded between a low of $33.41 and a high of $45.67 and are now at $35.41, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

CenturyTel, Inc. is an integrated communications company. The Company provides a wide range of communications services, including local and long distance voice, Internet access and broadband services. CenturyTel operates throughout the United States.

By Mallory Stone
mstone@fnno.com

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