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Comcast Corp-A Set to Possibly Rebound After Yesterday's Selloff of 1.03%

By Nick Russo

Comcast Corp-A (NASDAQ:CMCSA) traded in a range yesterday that spanned from a low of $36.99 to a high of $37.73. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $37.36 on volume of 5.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $37.30, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.05% lower and 0.25% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Comcast Corp-A and will alert subscribers who have CMCSA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders comcast corp-a

Ticker(s): CMCSA