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CenturyLink Inc (CTL) “On a long-term technical basis, the stock (CTL) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 13.92 and 12.47. If the stock breaks down through support at 13.92 then it will probably continue lower to 12.47. The stock has resistance at 15.29. The 200-day moving average is at 12.26. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 13.92 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (80.26).”
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