Bearish Moving Average Cross by Comcast (CMCSA)
Comcast (NASDAQ:CMCSA) crossed under its 10-day moving average of $66.45 on a volume of 2.7 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Comcast have traded between a low of $50.00 and a high of $68.36 and are now at $66.26, which is 33% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
SmarTrend is tracking the current trend status for Comcast and will alert subscribers who have CMCSA in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Comcast