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Time Warner Cable: 52-Week High Recently Eclipsed (TWC)

By David Diaz

Shares of Time Warner Cable (NYSE:TWC) traded at a new 52-week high today of $217.00. Approximately 156,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.

Time Warner Cable (NYSE:TWC) is currently priced 4.5% above its average consensus analyst price target of $206.12. Time Warner Cable shares have support at the 50-day moving average (MA) of $202.72 and additional support at the 200-day MA of $189.76.

Time Warner Cable share prices have moved between a 52-week high of $217.00 and a 52-week low of $152.81 and are now trading 41% above that low price at $215.79 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

Time Warner Cable Inc. offers cable television subscription services. The Company also offers Internet access and voice over Internet protocol telephone services.

SmarTrend recommended that subscribers consider buying shares of Time Warner Cable on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $186.55. Since that recommendation, shares of Time Warner Cable have risen 15.9%. We continue to monitor TWC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Time Warner Cable

Ticker(s): TWC