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Comcast Corp-A Rises 2.85% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Comcast Corp-A (NASDAQ:CMCSA) traded in a range yesterday that spanned from a low of $36.08 to a high of $37.16. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $36.51 on volume of 9.1 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 recommended that subscribers consider buying shares of Comcast Corp-A on June 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.42. Since that recommendation, shares of Comcast Corp-A have risen 8.0%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Comcast Corp-A have traded between a low of $30.43 and a high of $44.00 and are now at $36.99, which is 22% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.58% higher over the past week, respectively.

Keywords: rebounders comcast corp-a

Ticker(s): CMCSA