Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Charter Communications’ stock price (CHTR) rose mildly in the intraday levels, while trying to recoup some recent losses, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of $236.00, provided it settles below $276.00.
Trend forecast: Likely Bearish