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Look for Shares of Charter Commun-A to Potentially Pullback after Yesterday's 1.96% Rise

By Nick Russo

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $304.35 to a high of $312.67. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $308.81 on volume of 407,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Charter Commun-A on February 8th, 2018 by issuing a Downtrend alert when the shares were trading at $354.59. Since that call, shares of Charter Commun-A have fallen 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Charter Commun-A share prices have been bracketed by a low of $214.06 and a high of $408.83 and are now at $312.00, 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.3%.

Keywords: rebounders charter commun-a

Ticker(s): CHTR