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Shares of Comcast Has Risen Above Previous 52-Week High

By Amy Schwartz

Shares of Comcast (NASDAQ:CMCSA) traded at a new 52-week high today of $41.04. Approximately 3.1 million shares have changed hands today, as compared to an average 30-day volume of 9.9 million shares.

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.

In the past 52 weeks, shares of Comcast have traded between a low of $28.30 and a high of $41.04 and are now at $41.04, which is 45% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 0.17% higher over the past week, respectively.

Comcast has overhead space with shares priced $41.04, or 2.2% below the average consensus analyst price target of $41.98. The stock should discover initial support at its 50-day moving average (MA) of $36.28 and subsequent support at its 200-day MA of $33.53.

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 26.4%. 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

Ticker(s): CMCSA