What CenturyLink’s Moving Averages Suggest
Recently, CenturyLink (CTL) went below its short-term (20-day) moving average, which indicates a bearish sentiment for the company. On September 27, CTL stock closed the trading day at $20.89. Based on that, it was trading 5.6% below its 20-day moving average of $22.13, 1.6% below its 50-day moving average of $21.24, and 4.6% above its 100-day moving average of $19.98.