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Time Warner Breaking Out?
Published on Tuesday, 03 January 2012 19:52 Written by Christian Paolinetti
New York, January 3rd (TradersHuddle.com) - Shares of Time Warner Inc. (NYSE:TWX) closed the trading session at $36.33 just above calculated resistance at $36.26 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range
Time Warner Inc. (NYSE:TWX) is a media and entertainment company. The Company's businesses include Internet services (AOL), cable, filmed entertainment, cable television networks, and publishing.
Time Warner's stock was trading in a well defined range with support at $33.41 and resistance at $36.26, given that this range was broken traders will be closely monitoring the stock
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