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Watch for Charter Commun-A to Potentially Pullback After Gaining 1.55% Yesterday

By David Diaz

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $352.14 to a high of $353.53. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $349.92 on volume of 316,000 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 January 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $328.80. Since that recommendation, shares of Charter Commun-A have risen 5.9%. We continue to monitor CHTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Charter Commun-A have traded between a low of $250.10 and a high of $369.51 and are now at $353.53, which is 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.3%.

Keywords: rebounders charter commun-a

Ticker(s): CHTR