Comcast Crosses Below its 10-day MA (CMCSA)
Today, shares of Comcast (NASDAQ:CMCSA) have crossed bearishly below their 10-day moving average of $65.85 on a volume of 2.4 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.
Comcast share prices have moved between a 52-week high of $68.36 and a 52-week low of $50.00 and are now trading 31% above that low price at $65.60 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Comcast. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Comcast in search of a potential trend change.
Keywords: moving crosses Comcast