[May 24, 2013] Time Warner (TWX) Crosses Pivot Point Support at $59.35 Tweet May 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Time Warner (NYSE:TWX) have bearishly opened below the pivot of $59.95 today and have reached the first support level of $59.35. Investors may be interested in a cross of the next downside pivot targets of $58.53 and $57.11. Time Warner has overhead space with shares priced $59.77, or 9.8% below the average consensus analyst price target of $66.28. Time Warner shares have support at the 50-day moving average (MA) of $59.07 and additional support at the 200-day MA of $50.10. Time Warner share prices have moved between a 52-week high of $61.73 and a 52-week low of $33.62 and are now trading 78% above that low price at $59.77 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.4%. SmarTrend recommended that subscribers consider buying shares of Time Warner on November 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.00. Since that recommendation, shares of Time Warner have risen 33.7%. We continue to monitor TWX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]