Make sure to keep an eye on this stock going forward to see if this recent slump will continue.

At the time of writing, Windstream Holdings, Inc. (WIN) is surging 23.3% on news that the company received a favorable ruling from the IRS to convert to a REIT.

Winstream’s shares soared 12.82 percent, hitting $11.88 (1:06PM EDT) after the company revealed to spin off certain telecommunications network assets into an independent, publicly traded real estate investment trust (REIT).

The Chart of the Day belongs to Windstream Holdings (NASDAQ:WIN). I found the stock by sorting today's New High list for new high frequency in the last month, then used the Flipchart feature to review the charts.