Time Warner Cable Bearish Moving Average Crossover Alert (TWC)
Today, shares of Time Warner Cable (NYSE:TWC) have fallen below their 10-day MA of $213.96 on a volume of 2.8 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Time Warner Cable have traded between a low of $152.81 and a high of $217.91 and are now at $211.45, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.
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 15.5%. We continue to monitor TWC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Time Warner Cable