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Comcast Corp-A Set to Possibly Pullback After Yesterday's Rally of 1.31%

By David Diaz

Comcast Corp-A (NASDAQ:CMCSA) traded in a range yesterday that spanned from a low of $46.02 to a high of $47.01. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $46.69 on volume of 5.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Comcast Corp-A share prices have been bracketed by a low of $32.61 and a high of $47.01 and are now at $46.99, 44% 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 0.5%.

SmarTrend recommended that subscribers consider buying shares of Comcast Corp-A on August 19th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.88. Since that recommendation, shares of Comcast Corp-A have risen 5.8%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders comcast corp-a

Ticker(s): CMCSA