• Return to Headlines

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

By James Quinn

Comcast Corp-A (NASDAQ:CMCSA) crossed under its 10-day moving average of $39.39 on a volume of 3.0 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, Comcast Corp-A share prices have been bracketed by a low of $30.43 and a high of $40.52 and are now at $39.06, 28% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Comcast Corp-A on January 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.10. Since that recommendation, shares of Comcast Corp-A have risen 10.2%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses comcast corp-a

Ticker(s): CMCSA