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Time Warner Crosses Above its 10-day MA (TWX)

By Nick Russo

Time Warner (NYSE:TWX) crossed over its 10-day moving average of $99.38 on a volume of 440K 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 share prices have been bracketed by a low of $55.53 and a high of $100.60 and are now at $99.87, 80% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Time Warner 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 have risen 26.8%. 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

Ticker(s): TWX