Time Warner Inc. operates as a media and entertainment company in the
United States and internationally. The company operates in four
segments: Turner, Home Box Office, Warner Bros., and Time Inc. The
Turner segment operates cable networks; digital media properties;
free-to-air networks; and entertainment and news networks that offer
sports, movies, classic films, reality programming, and news. The Home
Box Office segment provides premium pay and basic tier television
services comprising HBO and Cinemax; and sells its original programming
via DVDs, Blu-ray Discs, and electronic sell-through. The Warner Bros.
segment produces and distributes feature films, television programming,
videogames, and other programming; distribute home video products; and
licenses rights to its feature films, television programming, and
characters. The Time Inc. segment publishes magazines, including People,
Sports Illustrated, InStyle, Time, Real Simple, Southern Living,
Entertainment Weekly, and Fortune, as well as titles and books; licenses
its magazines for print or digital publication to publishers; operates
Websites, such as People.com, SI.com, and Time.com.
Take a look at the 1-year chart of Warner (NYSE: TWX) below with added notations:
Minus the gaps higher and lower last summer, TWX has been on a steady
trend higher from its April low. Twice over that time the stock has hit
that same resistance at $87.50 (red) and pulled back down significantly
both times. The stock seems to be on its way back up there, and if TWX
can finally break through that $87.50 resistance the stock should be
headed higher. A close above that resistance would also constitute a new
52-week high.
The Tale of the Tape: TWX has a 52-week resistance
at $87.50. The possible long position on the stock would be on a
breakout above that level with a stop placed under it.
Please share this article
No comments:
Post a Comment