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SmarTrend Watching for Potential Pullback in Shares of Time Warner Inc After 3.07% Gain

By David Diaz

Time Warner Inc (NYSE:TWX) traded in a range yesterday that spanned from a low of $96.24 to a high of $100.07. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $96.72 on volume of 40.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Time Warner Inc and will alert subscribers who have TWX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Time Warner Inc have traded between a low of $85.88 and a high of $103.90 and are now at $99.29, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders time warner inc

Ticker(s): TWX