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Time Warner Cable Rises 1.98% on Heavy Volume: Watch For Potential Pullback
Dec 17, 2012 (SmarTrend(R) News Watch via COMTEX) --
Time Warner Cable (NYSE:TWC) traded in a range yesterday that spanned from a low of $94.17 to a high of $95.98. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $94.98 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Time Warner Cable share prices have moved between a 52-week high of $100.50 and a 52-week low of $60.70 and are now trading 58% above that low price at $95.95 per share. The 200-day and 50-day moving averages have moved 0.44% higher and 0.17% lower over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Time Warner Cable. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Time Warner Cable in search of a potential trend change.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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