Time Warner (TWX - Get Report) Time Warner operates as a media and entertainment company in the U.S. and internationally. It operates in three segments: Networks, film and TV entertainment, and publishing. Time Warner trades an average of 5.4 million shares per day with a market cap of $47 billion.
52 Week High:$49.96
Beta: 1.25Price to Book: 1.55 I am suggesting that investors wait for a retracement in price in several tickers in this article, and Time Warner is included. On the daily chart, Time Warner is extended and with an oversized risk of downward price pressure. I don't know that Time Warner will retrace, but I am guided by past results in similar chart patterns. Look for support near $47 as an entry price. TheStreet reiterated its buy recommendation, and you can read the article