Charter Communications and Media Stocks
Given the AT&T and Time Warner news, we are watching the media and communications stocks for potential long-term swings. Many of these stocks are being accumulated by institutions. Comcast and Fox could be next.
Charter Communications (CHTR)
Technically speaking, Charter Communications has been in a downtrend since the end of January.
The stock is gaining momentum as it crosses the 50D moving average. First target, gap fill 297 (+/-) then 322.89. Eventually, the stock could test the 200D at 334.34 (+/-).
Money flow is bullish and momentum is gaining strength as institutions buy CHTR.
Additional names in this hot “merger and acquisitions” group are below. Consider some of these candidates as the M&A activity picks up over the next few months. And, check for money flow in addition to technical strength before taking any new entries.
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.