• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Charter Commun-A (NASDAQ:CHTR)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Charter Commun-A (NASDAQ:CHTR) based on the price action in the company's shares. Yesterday's price range of $291.01 and $296.73 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Charter Commun-A may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Charter Commun-A share prices have moved between a 52-week high of $408.83 and a 52-week low of $250.10 and closed yesterday at 17% above that low price at $291.86 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.6%.

Charter Commun-A (NASDAQ:CHTR) has potential upside of 31.6% based on a current price of $291.86 and analysts' consensus price target of $384.00. Charter Commun-A shares should encounter resistance at the 200-day moving average (MA) of $330.85 and support at the 50-day MA of $282.68.

Charter Communications, Inc. operates as a cable telecommunications company. The Company offers cable broadcasting, internet, voice, and other business services. Charter Communications serves customers in the United States.

SmarTrend is monitoring the recent change of momentum in Charter Commun-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Charter Commun-A in search of a potential trend change.

Keywords: bullish am inside day candle charter commun-a

Ticker(s): CHTR