Pip.Gawd

CTL finally reversing off support zone?

Long
NYSE:CTL   None
CTL

CenturyLink is looking more and more like a reversal after bouncing off the 13.20 area last Tuesday. There was some increased activity in the options chain for this stock as well, with a lot of calls being bought for the $14 strike price for the nearest expiring contracts.

Looking for this stock to continue on its upward trend until we get back to the $18-$19 range. I'm looking for some resistance to come into play at this level. If the stock can break through this expected resistance zone , we will be looking for a run back to the $24 area.

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