Recent 52-Week High Exceeded in Shares of Comcast (CMCSA)
Comcast (NASDAQ:CMCSA) traded at a new 52-week high today of $68.20. So far today approximately 3 million shares have been exchanged, as compared to an average 30-day volume of 9.9 million shares.
Potential upside of 5.8% exists for Comcast, based on a current level of $67.00 and analysts' average consensus price target of $70.86. Comcast shares have support at the 50-day moving average (MA) of $60.46 and additional support at the 200-day MA of $59.05.
Comcast Corporation provides a wide range of cable services. The Company offers a variety of entertainment, information and communications services to residential and commercial customers. Comcasts services include programming, Hi-speed Internet, and broadband phone service.
Comcast share prices have moved between a 52-week high of $68.20 and a 52-week low of $50.00 and are now trading 34% above that low price at $67.00 per share. The 200-day and 50-day moving averages have moved 0.11% lower and 0.41% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Comcast on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.52. Since that recommendation, shares of Comcast have risen 14.8%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows Comcast