Century Link Ahead of Earnings
We are bullish on CTL in front of earnings tomorrow. Century Link will host their earnings call on 14 Feb after market 4:00pm CST. Here is why we are long CTL:
The stock hit $18 two weeks ago and pulled back along with the rest of the market.
Today there was a block trade of 1.6 million shares, meaning one investor (most likely fund manager) purchased this much CTL at $16.96 per share.
Century Link's average volume is 14.76 million shares per day and because of this large block trade just mentioned CTL's volume today was 16.72 million shares.
Our thesis: if a fund manager is laying $27,136,000 of his investors' money on the line right in front of earnings then maybe it's worth risking a couple of bucks for us. Of course emerald chasers are tracking how to make the most of the potential move. We think the telecom company goes higher and can see an explosive move on Thursday 15 Feb. Happy trading...I am an emerald chaser.
