Time Warner Cable (TWC) Upgrade Alert, Watch for 18.4% Technical Uptrend Continuation

Time Warner Cable (NYSE:TWC) upgraded to Neutral from Sell at Goldman. The stock closed yesterday at $37.88 on volume of 2,597,800 shares, below average daily volume of 3,573,555.

Time Warner Cable is currently above its 50-day moving average of $33.35 and above its 200-day moving average of $28.77.

SmarTrend is bullish on shares of TWC and our subscribers received an Uptrend alert on July 22, 2009 at $31.98, which has returned 18.4% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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