Don't Ignore This Chart!

Charter Communications (CHTR) Makes The Breakout

 | 

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

Announcement from the Author

{{ announcement.content }}

Tom Bowley
About the author: co-founded Invested Central in 2004 and served as the site's Chief Market Strategist for more than 10 years. Invested Central provides stock market education and guidance for those interested in making their own financial decisions. During his tenure at Invested Central, Tom co-hosted Market Open LIVE, a national radio broadcast that covered many of the largest markets across the U.S. In addition, he has spoken at various conferences throughout the United States and Canada and has taught thousands of traders across the globe how to trade equities more wisely with an emphasis on managing risk and intermarket relationships. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus