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After Yesterday's Rally of 1.01% Shares Could Potentially Pullback

By James Quinn

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $537.96 to a high of $540.90. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $536.25 on volume of 209,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Charter Commun-A share prices have moved between a 52-week high of $540.90 and a 52-week low of $335.53 and are now trading 62% above that low price at $543.05 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

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: rebounders charter commun-a

Ticker(s): CHTR