Trading Idea - Windstream Breaking Out?

Published on Thursday, 09 February 2012 06:08 Written by TradersHuddle Wire

New York, February 9th (TradersHuddle.com) - Shares of Windstream Corporation (NYSE:WIN) closed the trading session at $12.40 just above calculated resistance at $12.39 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Windstream Corporation (NYSE:WIN) offers telecommunications services to residential and business customers in rural communities in the United States. The Company provides local telephone, high-speed Internet, long distance, network access, and video services in multiple states.

Windstream's stock was trading in a well defined range with support at $11.25 and resistance at $12.39, given that this range was broken traders will be closely monitoring the stock