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Comcast Corp-A (CMCSA) Breaks Through Resistance at $39.89

By Nick Russo

Comcast Corp-A (NASDAQ:CMCSA) has opened bullishly above the pivot of $39.83 today and has reached the first level of resistance at $39.89. Investors may be interested in a cross of the next upside pivot targets of $39.96 and $40.09.

In the past 52 weeks, shares of Comcast Corp-A have traded between a low of $30.43 and a high of $40.00 and are now at $39.93, which is 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

Comcast Corp-A (NASDAQ:CMCSA) has potential upside of 12.8% based on a current price of $39.93 and analysts' 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.

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: pivot alerts comcast corp-a

Ticker(s): CMCSA