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Watch for Charter Commun-A to Potentially Pullback After Gaining 1.31% Yesterday

By David Diaz

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $382.16 to a high of $383.27. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $378.18 on volume of 377,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend 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.

In the past 52 weeks, shares of Charter Commun-A have traded between a low of $259.48 and a high of $383.27 and are now at $383.27, which is 48% above that low price. The 200-day and 50-day moving averages have moved 0.42% higher and 0.47% higher over the past week, respectively.

Keywords: rebounders charter commun-a

Ticker(s): CHTR