Time Warner Cable TWC Merger | Trading Game Plan | May 26

Time Warner Cable Nears Deal with Charter for $55.1 Billion

Charter Communications Inc. is near an agreement to buy Time Warner Cable Inc. for about $55.1 billion in cash and stock, after French billionaire Patrick Drahi expressed interest in the assets, according to people familiar with the matter.

Charter will pay about $195 a share — 14 percent above Time Warner Cable’s closing price on May 22 — with $100 in cash and the rest in its own stock, said the people, who asked not to be identified because the talks are confidential. The deal could be announced as soon as Tuesday, they said. Bright House Networks, a smaller cable company that Charter is trying to buy, will also be merged into the combined entity, they said

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Stocks to Trade |Monday May 26, 2015

Pete’s Notes:

  • $SOX semiconductor stocks strong
  • Perfect flag/inside day breakout in $GS on Friday.
  • Download your trading plan template today.

Interesting Chart Lessons:

  • Exhaustion volume and price action in YOKU

time warner cable

Earnings in play today > 1M avg shares:  MBT,  TDW,  TIVO, WDAY

Bullish Ideas ATR/Volume/Price: GPRO, BABA, TSLA, CBI, SWKS, YUM, GILD, HCA, SCTY>63, GS, AAPL (133), ESRX, FEYE, UNH (test of 119 support)

Bearish Ideas ATR/Volume/Price: wynn, ual, kss, qihu, unp

Weak Stock Weak Close: bby, mrvl, slca

Strong Stock Weak Close: FL

Weak Stock Strong Close: NTAP

Strong Stock Strong Close: YOKU, NDRX, SUNE, CRM, ADI, BRCD, FEYE,

20 day Breakdown: luv, mrvl,

20 Day Breakout: YOKU, MDRX, ADI, DE, BRCD, HPQ, CDNS, FEYE

2x Normal Volume: YOKU, FL, MRVL, DE, NTAP, VOD, JBLU, BRCD, HPQ, FEYE

Watch List Longs: ADM>53, AET, SBUX, COF, HON, VLO, CVS> 104, JNPR, INTU, ADBE, BRCM, EBAY>60, AKAM

Watch List Short: kss, sun, all, cvx, wmt, ntap, low,

Inside days: CVS, BK, AKAM


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