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Shares of Comcast Has Risen Above Previous 52-Week High

By Nick Russo

Comcast (NASDAQ:CMCSA) traded at a new 52-week high today of $42.18. Approximately 2.5 million shares have changed hands today, as compared to an average 30-day volume of 9.9 million shares.

Comcast share prices have moved between a 52-week high of $42.18 and a 52-week low of $28.30 and are now trading 48% above that low price at $41.89 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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 (NASDAQ:CMCSA) has potential upside of 0.2% based on a current price of $41.89 and analysts' consensus 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 29.8%. 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

Ticker(s): CMCSA