Are These Prices Supported By Time Warner?
C = Catalyst for a Stock’s Movement
Time Warner is a media an entertainment giant that operates in networks, filmed entertainment, and publishing. The network operations consist of television networks and premium pay services, the filmed entertainment operation consists of feature film, television, home video and videogame production and distribution, and the publishing operation consists of magazine publishing. With all of these media outlets, the company is poised to reach a maximum number of consumers across the nation. Look for Time Warner to continue its established dominance in entertainment.
T = Technicals on the Stock Chart are Strong
Time Warner’s multi-year price chart shows the stock in a downtrend. However, the stock looks ready to attack the downtrend and continue price momentum to the upside. For this to happen, Time Warner stock needs to break above the 2007 highs which are still quite a ways away. Currently, the stock is seeing positive traction as it has had a significant bounce from lows in 2008. Look for this trend to continue after a potential pause…