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Comcast Corp-A Bearish Moving Average Crossover Alert (CMCSA)

By James Quinn

Comcast Corp-A (NASDAQ:CMCSA) crossed under its 10-day moving average of $35.31 on a volume of 1.8 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.

In the past 52 weeks, shares of Comcast Corp-A have traded between a low of $30.43 and a high of $44.00 and are now at $35.18, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Comcast Corp-A on June 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.42. Since that recommendation, shares of Comcast Corp-A have risen 6.2%. 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