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Time Warner Cable (TWC) Approaches New Upside Target of $56.74

Written on Thu, 07/29/2010 - 9:06am
By Chip Brian

SmarTrend has detected shares of Time Warner Cable (NYSE:TWC) have bullishly opened above the pivot of $55.82 today and have reached the first resistance level of $56.37.
We are watching for a cross of the next upside pivot targets of $56.74 and $57.66. Also, the shares are currently trading above the 50-day moving average of $54.09 and above the 200-day moving average of $48.13.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Time Warner Cable on May 28, 2010 at $55.27. Since the call, the stock has risen 2.5%.

Keywords: Time Warner Cable pivot points

Ticker(s): TWC

Contact Chip Brian



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