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Technical Analysis for Charter and Its Peers

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Technical indicators

A complete analysis of technical indicators is performed by traders and investors while making market entry and exit decisions. The most commonly used technical indicators include the relative strength index (or RSI) and moving averages.

Usually, a stock is recognized as oversold if its 14-day RSI number is less than 30, whereas a stock is recognized as overbought if its 14-day RSI number is more than 70. We’ll look at the technical indicators of Charter Communications (CHTR) and compare them to other telecommunication companies in this part of the series.

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100-day moving averages

On July 24, 2017, Charter was trading 4.5% above its 100-day moving average. In comparison, Verizon (VZ) was trading ~7.0% below its 100-day moving average, and AT&T (T) was trading 7.1% below its average. Sprint (S) was trading 6.8% above its 100-day moving average.

Relative strength index

On July 24, 2017, Charter Communications had a 14-day RSI reading of 74, which leads traders and investors to believe that the Charter’s stock is overbought. In comparison, competitors Verizon and AT&T had 14-day RSI readings of 36 and 25, respectively. The 14-day RSI reading for Sprint was 63.

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