Don't Ignore This Chart!

Charter Communications (CHTR) Makes The Breakout

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Despite all the market volatility and weakness over the past year, CHTR has held steady in its uptrend and has been consolidating throughout.  It was awaiting a heavy volume breakout, but it's waiting no more.  More than 15 million shares changed hands last week as CHTR closed above 200 for the first time ever.  Price labels are included on the chart below to highlight the major highs in 2015.  The weekly MACD has just made a bullish centerline crossover and shows accelerating price momentum to accompany the heavy volume.  Here's the chart:

Happy trading!

Tom

Tom Bowley
About the author: is the Chief Market Strategist at EarningsBeats.com, where he provides stock market education, guidance, and trading strategies using a unique combination of technical, fundamental, and historical analysis. Tom provides EarningsBeats.com members with four portfolios (Model, Aggressive, Income, and Value), all designed to beat the benchmark S&P 500, and a revolving Watch List of hundreds of companies reporting strong quarterly earnings (must beat both revenue and EPS estimates) and exhibiting technical strength as well. These companies comprise EarningsBeats' annotated Strong Earnings ChartList (SECL), from which Tom trades exclusively. Tom writes a Daily Market Report (DMR) for members to include an executive summary, market outlook, sector/industry watch, and trading ideas. Learn More
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