CTL dominated by bulls lifting the market higher throughout the day
CenturyLink Inc. (CTL) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, CTL finished the week 13.54% higher at 21.38 after gaining $0.41 (1.96%) today on high volume. Today's closing price of 21.38 marks the highest close since August 14, 2017. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 21.12, the share confirms its breakout through the prior session's high having traded $0.50 above it intraday.
Daily Candlestick Chart (CTL as at Aug 10, 2018):
Friday's trading range was $0.81 (3.89%), that's far above last trading month's daily average range of $0.46. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.