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Comcast (CMCSA) Approaches New Upside Target of $41.77

By David Diaz

Comcast (NASDAQ:CMCSA) has opened bullishly above the pivot of $41.10 today and has reached the first level of resistance at $41.53. Should the shares continue to rise, the resistance pivots of $41.77 and $42.44 will be of interest.

Comcast (NASDAQ:CMCSA) has potential upside of 1.3% based on a current price of $41.44 and analysts' consensus price target of $41.98. Comcast shares have support at the 50-day moving average (MA) of $36.28 and additional support at the 200-day MA of $33.53.

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 46% above that low price at $41.44 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 0.17% higher over the past week, respectively.

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 27.6%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Comcast

Ticker(s): CMCSA