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Watch for Continued Gains in Shares of Charter Commun-A (CHTR)

By Shiri Gupta

Shares of Charter Commun-A (NASDAQ:CHTR) traded at a new 52-week high today of $444.41. This new high was reached on below average trading volume as 69,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

In the past 52 weeks, Charter Commun-A share prices have been bracketed by a low of $272.91 and a high of $444.41 and are now at $441.41, 62% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.0%.

Charter Commun-A (NASDAQ:CHTR) defies analysts with a current price ($441.41) 13.0% above its average consensus price target of $384.00. The stock should find initial support at its 50-day moving average (MA) of $410.90 and further support at its 200-day MA of $373.84.

Charter Communications, Inc., through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

SmarTrend is tracking the current trend status for Charter Commun-A and will alert subscribers who have CHTR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows charter commun-a

Ticker(s): CHTR