Argus Research believes these are positioned to make gains over the next month. Charter Communications CHTR Price: 257.21 Support: 241 Resistance: 265 Charter vaulted itself into the heights of the cable industry with its acquisitions of Time Warner Cable and Bright House Networks. The company plans to roll out all-digital service while keeping its focus on subscriber acquisition/retention with affordable service plans. Charter stagnated in a trading range between about $175 and $195 from February 2015 through the beginning of 2016. But after making a bottom below $160 in the February 2016 market selloff, Charter pivoted into a strong and continuing bull run. The stock hit $200 in March 2016; $225 in May; and blew through $250 in August. The short-, intermediate- and long-term trendlines are stacked in a classic pattern, with the 20-day on top, the 50-day in the middle and the 200-day at the bottom -- and the 20-day and 50-day are expanding their positive wedge above the 200-day. As well, the 50-day simple moving average trendline is offering good support to the share price. While the moving-average convergence/divergence (MACD) indicator crossed below the signal line 10 days ago in a negative technical event, it then flattened and looks to be converging with the signal line. We would put a stop-loss below $241, the 50-day simple moving average trendline. We would take profits above $265. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ eBay EBAY Price: 32.16 Support: 26 Resistance: 40 eBay had its critics after it separated from e-payments processor PayPal last year, but this online marketplace is doing just fine. Revenue and gross merchandise volume are both up, with StubHub reporting double-digit growth. The EBAY shares were in a multi-year trading range in the low $20’s from September 2012 through May 2015. After breaking out, the shares moved to $29.50 in November 2015, but then fell off the high and eventually made a new low at $22.50 during the February 2016 market selloff. EBAY had been stuck around $24 since then, but made a solid bottom below $23 in June before pushing strongly higher. The 20-day simple moving average trendline broke above the 50-day in mid-July and then the 200-day in late July. The 50-day moved above the 200-day in early August, and both the 20-day and 50-day are now expanding their positive wedge above the 200-day. We would put a stop-loss below $26, the 200-day simple moving average trendline. We would take profits approaching $40.
