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Charter Communications said Spectrum SportsNet LA is now available to Spectrum customers in former Cox markets. The stock is up 2.7% on the day at $152.47.
Spectrum SportsNet LA is now available to Spectrum customers in areas previously served by Cox. The information was published by CharterNewsroom, the company's official account. Charter Communications operates in telecom services and employs 91,900 people.
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The session saw a sharp expansion in the intraday range, stretching from $148.62 to $158.9, which exceeds the typical weekly movement. Shares of Charter Communications have established a split daily structure, with price positioned above the MA-20 and MA-50 but remaining below the MA-200. The nearest support sits at the MA-20 level of $146.54, and the broader chart signals a bullish bias shaping recent action.
Traders should watch for a close above $158.9 to confirm continued buyer commitment. The price traveled widely between $148.62 and $158.9 in the most recent session, reflecting heightened volatility. Even though the past week delivered a sharp move lower without a sustained trend, the forward view places the probability of further upside at 68% and downside at 32% for the coming trading week, with expected moves between $145.79 and $159.14. A drop below $146.54 would indicate the advance is losing traction. On the weekly chart, the longer-term picture stays negative.
Earlier, analysts noted that Charter Communications faced mixed momentum signals, with technical indicators pointing to overbought conditions despite an overall bearish longer-term trend. The current expansion in intraday range paired with a bullish short-term bias introduces a potential shift, making the $146.54 support a critical level for traders to monitor as volatility persists.