• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Comcast Corp-A (NASDAQ:CMCSA)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Comcast Corp-A (NASDAQ:CMCSA) based on the price action in the company's shares. Today's price range of $44.88 and $45.16 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Comcast Corp-A may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, shares of Comcast Corp-A have traded between a low of $32.61 and a high of $47.27 and are now at $45.11, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.50% higher and 0.22% higher over the past week, respectively.

Based on a current price of $45.11, Comcast Corp-A is currently 0.1% above its average consensus analyst price target of $45.05. The stock should hit resistance at its 50-day moving average (MA) of $45.38, as well as support at its 200-day MA of $42.43.

Comcast Corporation provides media and television broadcasting services. The Company offers video streaming, television programming, high-speed internet, cable television, and communication services. Comcast serves customers worldwide.

SmarTrend is monitoring the recent change of momentum in Comcast Corp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Comcast Corp-A in search of a potential trend change.

Keywords: bearish inside day candle comcast corp-a

Ticker(s): CMCSA