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Bearish Moving Average Cross by Comcast Corp-A (CMCSA)

By Nick Russo

Comcast Corp-A (NASDAQ:CMCSA) crossed under its 10-day moving average of $42.83 on a volume of 2.9 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Comcast Corp-A have traded between a low of $30.67 and a high of $43.96 and are now at $42.55, which is 39% above that low price. The 200-day and 50-day moving averages have moved 0.53% higher and 1.02% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Comcast Corp-A and will alert subscribers who have CMCSA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses comcast corp-a

Ticker(s): CMCSA