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Comcast Bearish Moving Average Crossover Alert (CMCSA)

By David Diaz

Comcast (NASDAQ:CMCSA) shares have crossed bearishly below their 10-day moving average of $41.43 on a volume of 5.1 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.

Over the past year, Comcast has traded in a range of $28.30 to $42.18 and is now at $41.20, 46% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Comcast on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.36. Since that recommendation, shares of Comcast have risen 29.5%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Comcast

Ticker(s): CMCSA