Close

Traders See Upside in Charter Communications (CHTR) Ahead of Sun Valley

July 10, 2013 11:52 AM EDT
Could a deal be near for Charter Communications (Nasdaq: CHTR)?

It was previously reported that Liberty Media's (Nasdaq: LMCA) John Malone might make a move for Charter to acquire Time Warner Cable (NYSE: TWC), a much larger company. Though nothing has been set in stone yet, trader action in Charter might be telling a story.

Money flow on Charter is positive $27 million with an uptick-to-downtick ratio of 3.3 times. The 14-day money flow index is at 68.1, or towards the overbought side of the scale.

Notably, CEOs from all over are attending the Allen & Company Sun Valley Conference this week and who knows if any deals might get struck in the process.

Shares of Charter are down 1.1 percent Wednesday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Rumors, Technicals, Trader Talk