More Downside for Frontier Communications ?

ftr New York, March 20th (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 if 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 -0.24% 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 -0.45% from its previous trading close, which means that Frontier Communications stock is outperforming the overall market.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,408.54 ▼16.31 (-0.10%)
o S&P 500 1,864.85 ▲2.54 (0.14%)
o NASDAQ 4,095.52 0.00 (0.00%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,408.54 Trade time:4:31PM EDT Value change:▼16.31 (-0.10%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,864.85 Trade time:4:31PM EDT Value change:▲2.54 (0.14%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,095.52 Trade time:5:15PM EDT Value change:0.00 (0.00%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.