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Watch for Charter Commun-A to Potentially Pullback After Gaining 1.19% Yesterday

By Nick Russo

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $425.05 to a high of $430.48. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $427.11 on volume of 350,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Charter Commun-A have traded between a low of $272.91 and a high of $430.48 and are now at $429.88, which is 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

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 6.7%. We continue to monitor CHTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders charter commun-a

Ticker(s): CHTR