• Return to Headlines

Watch for Continued Gains in Shares of Comcast Corp-A (CMCSA)

By David Diaz

Shares of Comcast Corp-A (NASDAQ:CMCSA) traded today at $40.00, breaking its 52-week high. So far today approximately 7.3 million shares have been exchanged, as compared to an average 30-day volume of 18.6 million shares.

Potential upside of 12.8% exists for Comcast Corp-A, based on a current level of $39.93 and analysts' average consensus price target of $45.05. The stock should find initial support at its 50-day moving average (MA) of $37.13 and further support at its 200-day MA of $35.82.

Over the past year, Comcast Corp-A has traded in a range of $30.43 to $40.00 and is now at $39.93, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.4%.

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 recommended that subscribers consider buying shares of Comcast Corp-A on January 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.10. Since that recommendation, shares of Comcast Corp-A have risen 10.4%. 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 corp-a

Ticker(s): CMCSA