LONDON -- (Marketwire) -- 02/21/13 -- Stocks saw a sharp decline in Wednesday's trading session following the release of minutes of the Federal Reserve's most recent monetary policy meeting. The minutes suggested that the Fed might end its bond buying program sooner-than-expected. The Dow Jones finished the day 0.77% lower at 13,927.54, the S&P 500 finished the day 1.24% lower at 1,511.95, and the NASDAQ finished the day 1.53% lower at 3,164.41. At the close, our research team took notice of Virgin Media Inc. (NASDAQ: VMED), Viacom Inc. (NASDAQ: VIAB) and Liberty Global Inc. (NASDAQ: LBTYA), three major stocks in the CATV Systems sector. Wall Street Active research team has completed free research on VMED, VIAB and LBTYA. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at
Virgin Media Ends Marginally Lower
Virgin Media, which earlier this month agreed to be acquired by Liberty Global, fell marginally yesterday. The stock closed 0.75% lower at $44.40 on volume of 8.07 million. Year-to-date, the stock is still up by more than 20% thanks mainly to gains following the acquisition news. The company's shares currently have support at around $44. The stock is trading well above its 50-day and 200-day moving average. Sign up today and get useful insight about VMED for free at
Viacom's Shares Fall Sharply
Viacom's shares fell sharply in Wednesday's trading session, tracking losses in the broad market. The stock closed 2.26% lower at $58.80 on volume of 2.63 million. Prior to the sharp decline yesterday, Viacom's shares had been trading near their 52-week high of $60.84. Despite the pullback on Wednesday, the stock has had an excellent run so far this year, gaining more than 11%. Viacom's shares are still trading above their 50-day and 200-day moving averages, which is a bullish signal. However, the MACD chart is currently giving strong bearish signals. The MACD is currently trading below the signal line. The stock presently has support at around $58.50. Free report on VIAB can be accessed by registering at
Liberty Global Shares End Marginally Lower
Shares of Liberty Global ended marginally lower in Wednesday's trading session. The stock closed 0.74% lower at $64.57 on above average volume of 4.42 million. Market sentiment has been bearish on Liberty Global in recent weeks. The stock has fallen below some key technical levels. In yesterday's session, it also fell below its 50-day moving average. The bearish trend is further confirmed by the MACD chart. The stock's MACD moved below the zero-line yesterday. Register with Wall Street Active and download the research on LBTYA for free at
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Ravi S. Kapur
Telecommunication, Information & Data Manager
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