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Windstream Holdings, Inc. Message Board

  • technonalysis technonalysis Jan 12, 2011 12:03 AM Flag

    TA: Oversold

    This stock is in extreme oversold condition right now. RSI, MACD have plummetted into the dirt, to levels rarely seen in its history. Looking at that history, this sharp downward move is not typcially sustainable for much longer. An imminent return to the mean of these indicators is likely and this would imply a moderate to sharp recovery is near.

    This is just my opinion, not advice to buy sell or hold any security. I could be wrong. Seek the advice of an investment professional before making any decisions.

    Disclosure: I have been buying into this weakness and may buy sell or hold at any time, without notice.



    Be well.

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    • I have looked at the charts as well and tend to agree (although I am not a formal chartist). I am also looking at CTL. I suppose one different is that CTL doesn't seem to have the formed the bottom as well and it is trading above is 50 day moving agverage. WIN has pulled back to November levels, while CTL has pulled back to CTL.

      I have started paying attention to the CCI as well, and I notat that both WIN and CTL are clearlly oversold.

      Also, I watch other metrics such ast he put/call ratio and short ratio. The put/call ratio for WIN and CTL remain low and short interest is nothing to get excited about either.

      In other words, the options market doesn't appear to be telling us anything is coming and the technical indicators are telling us that WIN is in a good position and CTL may have a bit further to do.

      This was an event driven sell-off, and I don't think it is valid. It started with PCLMETRO, rolled through with concerns over VZ subsidies of apple products. However, neither WIN or CTL have antying to do with wireless.

      So, my read it is we should be heading north soon, particularly as we get closer to last February and March (ex-didiend for both companies). The divdiend remains high and the lower the stock falls, means a juicer dividend. So, both stocks will be bought up. Perhaps, they just moved to quick in December.

    • WIN seems to be forming a base in this $13.10 area after pulling back after the strong bounce off the extreme oversold condition. This can be considered a normal retest and at this point it is inconclusive. The stock is trading in a tight racnge and seems to be consolidating for an imminent move of some significance. Stochastics and MACD histoogram imply this move will be an increase in prices, but we'll just need to see the action in the coming day or two to know for sure.

      Short term support at $13.04 resistance at $13.13

      Intermediate support and resistance points:
      $12.94-$13.40

      This is just my opinion, not advice to buy sell or hold any security. I could be wrong. Seek the advice of an investment professional before making any decisions. I may buy, sell, hold, this and/or any other securities at any time, without notice.

    • It certainly seems to be turning today. I wasn't worried and felt no pressure to sell. Here for the long term. GL all.

      • 1 Reply to bmc3004
      • The stock bounced as epxected due to extreme oversold conditions. Virtually all indicators have moved into early stage bull move position, evidenced primarily by the first inclining MACD histogram bar in some 20 sessions and upward turning stochastics that have just crossed. A close over 13.30, the upside-down neckline of a head and shoulders bottom seems to add confirmation. This all implies continuation of the downtrend reversal and more potential upside. A few headfakes are to be expected as the stock once again moves toward the $14+ area, where there is resistance in the form of 52 week highs.


        This is just my opinion, not advice to buy sell or hold any security. I could be wrong. Seek the advice of an investment professional before making any decisions.

    • BINGO!

    • Its turning into the HOUSE OF GAINS

    • I agree, I took a position yesterday...I am originally from an area where windstream is big, and although the financials aren't perfect, it's a great company that sells a great bundled product at an unbeatable price...the divvy isn't too bad either.

      MCD is another one to take a look at right now.

 
WIN
8.82-0.12(-1.34%)Apr 17 4:00 PMEDT

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