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SmarTrend's Candlestick Scanner Detects Possible Bearish Dark Cloud Cover Pattern for Comcast (CMCSK)

Written on Thu, 07/29/2010 - 2:01pm
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a potential bearish Dark Cloud Cover candle pattern for shares of Comcast (NASDAQ:CMCSK).
Today, the stock gapped up, but then encountered selling pressure that pushed the stock lower.
Thus far today (3:04PM), this company has traded 3,250,415 shares, versus yesterday's total volume of 5,129,200. This bearish candle is more reliable if the gap up occurs at resistance and is accompanied by a surge in volume.
SmarTrend issued an Uptrend alert on shares of Comcast on July 13, 2010 at $17.89 per share (0.2% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): CMCSK

Contact Chip Brian



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