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Bullish Moving Average Cross by Time Warner Inc (TWX)

By David Diaz

Time Warner Inc (NYSE:TWX) crossed over its 10-day moving average of $101.57 on a volume of 730K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Time Warner Inc share prices have been bracketed by a low of $68.97 and a high of $103.34 and are now at $101.86, 48% above that low price. The 200-day and 50-day moving averages have moved 0.41% lower and 0.99% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Time Warner Inc on September 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.24. Since that recommendation, shares of Time Warner Inc have risen 29.2%. We continue to monitor TWX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses time warner inc

Ticker(s): TWX