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Look for Shares of Charter Commun-A to Potentially Rebound after Yesterday's 1.16% Sell Off

By Amy Schwartz

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $372.79 to a high of $376.11. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $372.90 on volume of 641,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Charter Commun-A has traded in a range of $272.91 to $417.13 and is now at $372.79, 37% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Keywords: rebounders charter commun-a

Ticker(s): CHTR