Comcast (CMCSA) Crosses Pivot Point Resistance at $40.08
Shares of Comcast (NASDAQ:CMCSA) opened today above their pivot of $39.70 and have already reached the first level of resistance at $40.08. Investors may be interested in a cross of the next upside pivot targets of $40.37 and $41.04.
In the past 52 weeks, Comcast share prices have been bracketed by a low of $30.17 and a high of $43.74 and are now at $40.08, 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.3%.
Comcast (NASDAQ:CMCSA) has potential upside of 18.6% based on a current price of $40.08 and analysts' consensus price target of $47.52. The stock should find resistance at its 50-day moving average (MA) of $41.26, as well as support at its 200-day MA of $38.89.
SmarTrend is tracking the current trend status for Comcast and will alert subscribers who have CMCSA in their portfolio or watchlist when shares have changed trend direction.
Keywords: pivot alerts Comcast