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
About the author:
Tom Bowley is the Chief Market Strategist of EarningsBeats.com, a company providing a research and educational platform for both investment professionals and individual investors. Tom writes a comprehensive Daily Market Report (DMR), providing guidance to EB.com members every day that the stock market is open. Tom has contributed technical expertise here at StockCharts.com since 2006 and has a fundamental background in public accounting as well, blending a unique skill set to approach the U.S. stock market.
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