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Cablevision Systems: 52-Week High Recently Eclipsed (CVC)

By James Quinn

Shares of Cablevision Systems (NYSE:CVC) traded at a new 52-week high today of $34.68. Approximately 393,000 shares have changed hands today, as compared to an average 30-day volume of 2.9 million shares.

Cablevision Systems (NYSE:CVC) is currently priced 2.7% above its average consensus analyst price target of $33.66. The stock should discover initial support at its 50-day moving average (MA) of $33.17 and subsequent support at its 200-day MA of $31.02.

Cablevision Systems Corporation provides telecommunications and entertainment services. The Company has operations in multimedia delivery, subscription cable television services, championship professional sports teams, and national television program networks.

Cablevision Systems share prices have moved between a 52-week high of $34.68 and a 52-week low of $19.75 and are now trading 75% above that low price at $34.59 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Cablevision Systems on September 2nd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.95. Since that recommendation, shares of Cablevision Systems have risen 33.3%. We continue to monitor CVC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cablevision systems

Ticker(s): CVC