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Look for Shares of Comcast Corp-A to Potentially Pullback after Yesterday's 1.17% Rise

By Nick Russo

Comcast Corp-A (NASDAQ:CMCSA) traded in a range yesterday that spanned from a low of $32.04 to a high of $32.46. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $32.25 on volume of 7.0 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 $30.02 and a high of $44.00 and are now at $32.38, 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Comcast Corp-A on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $39.15. Since that call, shares of Comcast Corp-A have fallen 18.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders comcast corp-a

Ticker(s): CMCSA