More Downside for Frontier Communications ?

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More Downside for Frontier Communications ?

Published on Wednesday, 25 January 2012 12:34 Written by Danny Miller

ftr New York, January 25th (TradersHuddle.com) - Shares of Frontier Communications Corporation (NYSE:FTR) booked a new 52 week low by trading below $4.82, traders are definitely monitoring Frontier's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

Frontier Communications Corporation (NYSE:FTR) provides communications services to rural areas and small and medium-sized towns and cities. The Connecticut based company offers a variety of voice, data, Internet, and television services.

Frontier Communications is currently trading -0.74% versus its previous trading session close, and it has calculated support and resistance at $5.22 and $5.85 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.31% from its previous trading close, which means that Frontier Communications stock is underperforming the overall market.

Frontier Communications Corp Class B (FTR): Today's Featured Telecommunications Winner - TheStreet.com
Frontier Communications Announces Offering of $500M of Senior Notes due 2021 - Benzinga
UPDATE: Bank of America Lowers Frontier Communications' PT - Benzinga
FTR Bagholders: Take a Lesson From RIM - TheStreet.com
Frontier Communications Corp Class B Stock Hits New 52-Week Low (FTR) - TheStreet.com
2 Dividend Stocks to Buy, 1 to Avoid - TheStreet.com
Frontier Communications Corp Class B Stock To Go Ex-dividend Tomorrow (FTR) - TheStreet.com
UPDATE: Hudson Square Downgrades Frontier to Hold - Benzinga
UPDATE: Bank of America Lowers Price Target on Frontier Communications to $4 - Benzinga
Gabelli: Frontier Reports Strong 4Q Results - Benzinga

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