Charter Communications may rise to 304.40 - 312.20

Our pivot point stands at 265.6.

Our preference

The upside prevails as long as 265.6 is support.

Alternative scenario

The downside breakout of 265.6 would call for 252.6 and 244.9.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 275.934 and 270.1442).

Supports and resistances

320.4 **

312.2 *

304.4 **

296.5

276.83 (USD-last)

270.5

265.6 **

252.6 *

244.9 **

Number of asterisks represents the strength of support and resistance levels.