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SmarTrend Watching for Potential Pullback in Shares of Charter Commun-A After 1.20% Gain

By Nick Russo

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $507.04 to a high of $513.02. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $512.65 on volume of 183,000 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 subscribers consider buying shares of Charter Commun-A on August 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $398.22. Since that recommendation, shares of Charter Commun-A have risen 28.0%. We continue to monitor CHTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Charter Commun-A share prices have moved between a 52-week high of $513.02 and a 52-week low of $279.33 and are now trading 85% above that low price at $516.10 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.6%.

Keywords: rebounders charter commun-a

Ticker(s): CHTR