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Comcast: 52-Week High Recently Eclipsed (CMCSA)

By Shiri Gupta

Comcast (NASDAQ:CMCSA) traded today at a new 52-week high of $67.69. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 9.9 million shares.

Comcast Corporation provides a wide range of cable services. The Company offers a variety of entertainment, information and communications services to residential and commercial customers. Comcasts services include programming, Hi-speed Internet, and broadband phone service.

In the past 52 weeks, Comcast share prices have been bracketed by a low of $50.00 and a high of $67.69 and are now at $67.37, 35% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

There is potential upside of 5.2% for shares of Comcast based on a current price of $67.37 and an average consensus analyst price target of $70.86. The stock should find initial support at its 50-day moving average (MA) of $60.46 and further support at its 200-day MA of $59.05.

SmarTrend recommended that subscribers consider buying shares of Comcast on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.52. Since that recommendation, shares of Comcast have risen 14.7%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Comcast

Ticker(s): CMCSA