Comcast Bearish Moving Average Crossover Alert (CMCSA)
Today, shares of Comcast (NASDAQ:CMCSA) have crossed bearishly below their 10-day moving average of $61.70 on a volume of 2.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Comcast share prices have been bracketed by a low of $50.00 and a high of $64.99 and are now at $61.46, 23% 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 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 5.9%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Comcast