After Yesterday's Rally of 1.62% Shares Could Potentially Pullback
Time Warner Cable (NYSE:TWC) traded in a range yesterday that spanned from a low of $211.67 to a high of $215.65. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $212.67 on volume of 1.1 million 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 Time Warner Cable have traded between a low of $152.81 and a high of $215.65 and are now at $214.72, which is 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.
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 13.7%. We continue to monitor TWC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders Time Warner Cable