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Behind Charter’s Big Long-Term Growth Drivers

PART:
1 2 3 4 5 6 7
Part 7
Behind Charter’s Big Long-Term Growth Drivers PART 7 OF 7

What Charter’s Technical Indicators Say about the Stock

Technical indicators

Technical aspects are helpful in anticipating the direction of a stock trend, and so technical indicators are valuable to traders and investors as they make market entry and exit decisions. The two most common technical indicators are moving averages and RSI (relative strength index) scores.

In this final part of our series, we’ll analyze Charter Communications’ (CHTR) technical indicators and compare them with those of other telecom companies.

What Charter’s Technical Indicators Say about the Stock

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100-day moving averages

On September 12, 2017, Charter was trading 7.8% above its 100-day moving average. By comparison, Verizon Communications (VZ) was trading ~1.7% above its 100-day moving average, while AT&T (T) was trading ~4.6% below its average. Sprint (S) was trading ~1.3% below its 100-day moving average on the same day.

Relative strength index

On September 12, 2017, Charter had a 14-day RSI reading of 36. By comparison, peers Verizon and AT&T had 14-day RSI readings of 29 and 27, respectively. The 14-day RSI reading for Sprint was 38.

Normally, if a company’s 14-day RSI reading is above 70, it means that the stock has been overbought, while a 14-day RSI reading below 30 indicates that the stock has been oversold.

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