TTM Squeeze Tightens Grip on CHTR at $134.35
Shares of Charter Communications Inc (CHTR) held steady at $134.35 on July 10.
From a technical standpoint, the outlook appears mixed:
Moving Averages
The stock trades below its 9-day EMA ($136.02) with the 21-day ($137.46) acting as overhead resistance.
Momentum
RSI at 42.3 is in neutral territory. MACD is bullish (-2.87 vs signal -3.96).
Volatility
Volatility has been compressing for 9 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $124.62.
Traders are watching $124.62 on the downside and $147.91 on the upside.
