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After Yesterday's Rally of 2.00% Shares Could Potentially Pullback

By David Diaz

Comcast Corp-A (NASDAQ:CMCSA) traded in a range yesterday that spanned from a low of $39.90 to a high of $40.66. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $40.25 on volume of 12.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Comcast Corp-A and will alert subscribers who have CMCSA in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Comcast Corp-A have traded between a low of $30.02 and a high of $42.18 and are now at $40.18, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders comcast corp-a

Ticker(s): CMCSA