US Nasdaq stock alert

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CLOSING UPDATE: Charter Communications Class A down 2.9% in 2 days 18 October 2017 17:52 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NASDAQ market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Charter Communications Class A, NASDAQ's 2nd largest cable tv company by market capitalisation, extended its slide on Wednesday, shedding an additional $US5.77 (or 1.6%) to trade at $US352.07. Trading volume was 83% of average at the end of the day. The shares have fallen $US10.53 (or 2.9%) over the past two trading days vs. the NASDAQ-100 Index which has fallen 0.003% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 4.85 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the NASDAQ market, the stock's relative price strength percentile is falling at 50 for 6 months, 44 for 3 months and 19 for 1 month.

+ The price dropped 3.6% in the last week and sank 4.4% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Earnings of 22.1 [14.1]

+ Price/Sales of 3.1 [1.5]

+ Return on Equity 8.8% [12.7%]

+ Return on Assets 2.5% [3.5%]

Other Bearish Signals include:

+ Net profit margin has averaged 2.7% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

+ As per the Du Pont analysis, Return on Equity of 8.8% is lower than sector average of 12.7%.

Note

Charter Communications Class A today is at a discount of 13.9% to the 12-month high of $US408.83 on 09 Aug, 2017. It is at a premium of 45.8% to the 12-month low of $US241.50 on 04 Nov, 2016.

Bullish Signals:

In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend.

Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.

TODAY'S ALERT

Afternoon Alert: Charter Communications Class A down 2.1% in 2 days

18 October 2017 13:28 EDT

Charter Communications, Inc. (NASDAQ:CHTR) extended its slide on Wednesday, shedding an additional $US2.84 (or 0.8%) to trade at $US355.0. Trading volume was 61% of average so far today. The shares have fallen $US7.60 (or 2.1%) over the past two trading days vs. the NASDAQ-100 Index which has risen 0.1% in the same period.

RECENT ALERTS

CLOSING UPDATE: Charter Communications Class A inches higher, resistance at 12-day EMA

16 October 2017 17:54 EDT

Charter Communications Class A, NASDAQ's 2nd largest cable tv company by market capitalisation, has increased 1.5% but fell short of the 12-day Exponential Moving Average [EMA] of $US363.62. Compared with the NASDAQ-100 Index which rose 22.1 points (or 0.4%) in the day, this represented a relative price increase of 1.1%.

Afternoon Alert: Charter Communications Class A inches higher, resistance at 12-day EMA

16 October 2017 13:27 EDT

Charter Communications, Inc. (NASDAQ:CHTR) has increased 1.0% but fell short of the 12-day Exponential Moving Average [EMA] of $US363.34.

Charter Communications, Inc. (O:CHTR)

ISIN: US16117M3051

PermID: 4295912840

CIK: 1091667

CUSIP: 16119P108

Source: www.BuySellSignals.com