Charter Communications may rise to 310.60 - 318.90

Our pivot point is at 266.3.

Our preference

The upside prevails as long as 266.3 is support.

Alternative scenario

The downside breakout of 266.3 would call for 252.7 and 244.7.

Comment

The RSI is above its neutrality area at 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 277.206 and 270.4308).

Supports and resistances

327.2 **

318.9 *

310.6 **

302.1

284.09 (USD-last)

271.8

266.3 **

252.7 *

244.7 **

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