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After Yesterday's Rally of 1.28% Shares Could Potentially Pullback

By Nick Russo

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $361.49 to a high of $369.02. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $365.92 on volume of 259,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Charter Commun-A have traded between a low of $214.06 and a high of $408.83 and are now at $367.70, which is 72% 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 1.6%.

SmarTrend is monitoring the recent change of momentum in Charter Commun-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Charter Commun-A in search of a potential trend change.

Keywords: rebounders charter commun-a

Ticker(s): CHTR