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Charter Commun-A Set to Possibly Pullback After Yesterday's Rally of 3.51%

By Nick Russo

Charter Commun-A (NASDAQ:CHTR) traded in a range yesterday that spanned from a low of $473.13 to a high of $490.00. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $476.14 on volume of 471,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Charter Commun-A share prices have moved between a 52-week high of $546.54 and a 52-week low of $345.67 and are now trading 41% above that low price at $486.19 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.2%.

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