Time Warner Cable High Volume Day?

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Time Warner Cable High Volume Day?

Published on Monday, 04 June 2012 11:38 Written by TradersHuddle Wire

twc New York, June 4th (TradersHuddle.com) - Unusual high volume detected on shares of Time Warner Cable Inc. (NYSE:TWC) early in the trading session. The pace in volume of Time Warner Cable points to a break above average, with sellers in control, as the stock is 1.66% lower.

Time Warner Cable Inc. (NYSE:TWC) offers cable television subscription services. The Company also offers Internet access and voice over Internet protocol telephone services. Time Warner Cable serves residential and commercial customers in the New York state, the Carolinas, Ohio, southern California, and Texas

Time Warner Cable has already traded 0.923 times its 3-month average volume and has calculated support and resistance at $73.80 and $83.64 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.32% from its previous trading close, which means that Time Warner Cable stock is underperforming the overall market.

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UPDATE: JP Morgan Upgrades Time Warner Cable to Overweight on Growth, FCF Yield - Benzinga
Time Warner Cable Inc Stock Buy Recommendation Reiterated (TWC) - TheStreet.com
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Time Warner Cable Inc (TWC): Today's Featured Services Laggard - TheStreet.com
UPDATE: Stifel Nicolaus Downgrades Time Warner Cable to Hold on Valuation - Benzinga
Time Warner Cable Inc (TWC): Today's Featured Media Laggard - TheStreet.com
UPDATE: Time Warner Cable Posts Downbeat Q3 Profit - Benzinga
Time Warner Cable Inc Stock Buy Recommendation Reiterated (TWC) - TheStreet.com
UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Time Warner Cable - Benzinga
Time Warner Cable Reschedules Announcement of 2012 Third-Quarter Results Due to Hurricane Sandy - New Date: Monday, November 5, 2012 - Benzinga

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