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Watch for Charter Commun-A to Potentially Rebound After Falling 1.54% Yesterday

By Shiri Gupta

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $301.26 to a high of $311.89. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $309.32 on volume of 829,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Charter Commun-A share prices have been bracketed by a low of $250.10 and a high of $396.64 and are now at $303.16, 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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.

Keywords: rebounders charter commun-a

Ticker(s): CHTR