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.
We will be LIVE at 9:20 AM to discuss this activity and more. Join us as we broadcast via Livestream during market hours.
Happy Trading,
Vinny
https://theclosingprint.com/CV_Blog/marketsmith-scan-stocks-near-pivot-breakouts/
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