• Return to Headlines

Comcast Crosses Below its 10-day MA (CMCSA)

By James Quinn

Comcast (NASDAQ:CMCSA) crossed under its 10-day moving average of $41.26 on a volume of 11.5 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, Comcast share prices have been bracketed by a low of $28.30 and a high of $42.18 and are now at $40.83, 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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 28.1%. 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