TWX closes higher for the 3rd day in a row
Time Warner Inc. (TWX) Technical Analysis Report for Apr 16, 2018
Moving higher for the 3rd day in a row, TWX ended Monday at 97.34 gaining $0.66 (0.68%). Today's closing price of 97.34 marks the highest close since November 1, 2017. Closing above Friday's high at 97.09, the share confirms its breakout through the prior session's high having traded $0.54 above it intraday.
Monday's trading range was $0.86 (0.89%), that's below last trading month's daily average range of $1.17. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
Breaking through the key resistance level at 97.16 today, it is now likely to act as support going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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