Century link Big potential
Updated
Century Link has reversed its downtrend and is heading up:
Rational:
1) Down trend line broken;
2) Resistance at 22.40$ broken:
3) 50 day EMA crossed above 200 day EMA (see green arrow on chart);
Trading Implications:
Buy at market ( now 23.19$);
Target (s): 26.50$ - 27.50$ ;
Stop: A 2 days close Below 22.40$ or an 2% break of 22.40$ = 21.95$;
In The News:
Century Link shocked the market with increased guidance for 2018.
Rational:
1) Down trend line broken;
2) Resistance at 22.40$ broken:
3) 50 day EMA crossed above 200 day EMA (see green arrow on chart);
Trading Implications:
Buy at market ( now 23.19$);
Target (s): 26.50$ - 27.50$ ;
Stop: A 2 days close Below 22.40$ or an 2% break of 22.40$ = 21.95$;
In The News:
Century Link shocked the market with increased guidance for 2018.
Trade closed: stop reached
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