Nearest Resistance: $10
Nearest Support: $9Catalyst: Earnings Windstream (WIN - Get Report) is getting hit hard today, down close to 9% after the firm's earnings release. While income was in-line with Wall Street analysts' estimates, Windstream reported a pretty substantial decline in performance from the previous year, and investors are punishing the firm by selling off their positions. >>5 Hated Stocks Set to Soar on Earnings From a technical standpoint, shares of WIN had been basing for most of the summer, making higher lows from the market's correction that ended in June. Today's massive move lower puts the kibosh on that shallow uptrend. Instead, shares are within a hair's breadth of testing longstanding support at $9. If shares slip below $9, this stock is a short candidate. Windstream shows up on a list of 10 Highest-Rated Tech Stocks That Pay Big Dividends.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts