CenturyLink Is in a Very Tight Range

New York, May 25th (TradersHuddle.com) - Shares of CenturyLink, Inc. (NYSE:CTL) closed the trading session at $38.70 with its price action in a very tight range, given that calculated support is set at $38.11 and the calculated resistance is set at $39.89.

CenturyLink, Inc. (NYSE:CTL) 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.

CenturyLink's stock price action indicates that both sellers and buyers are materializing very close to each other. This signals an area where momentum is building, since the stock can resolve by breaking out of the developing tight range.

Traders wanting to establish a position should pay close attention to CenturyLink's price action, as any movement outside its predefined range of $38.11 and $39.89 could grasp the attention of momentum buyers that look for a big movement in the price of the stock. Traders need to be aware that tight range resolution works both ways, hence, a move below support could spark above the average selling. A tiered approach could be the best way to start a position; enter into it while the stock is in the tight range, and then add to this position as it breaks and closes above resistance.

Note - Automated Content Created By TradersHuddle's Technical Scanner




Related Partner Headlines

    Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 16,982.59 ▲22.02 (0.13%)
    o S&P 500 1,978.91 ▲0.57 (0.03%)
    o NASDAQ 4,444.91 ▼4.65 (-0.10%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:16,982.59 Trade time:4:31PM EDT Value change:▲22.02 (0.13%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,978.91 Trade time:4:31PM EDT Value change:▲0.57 (0.03%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,444.91 Trade time:5:15PM EDT Value change:▼4.65 (-0.10%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.