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

By Shiri Gupta

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.

Over the past year, Comcast Corp-A has traded in a range of $30.02 to $44.00 and is now at $32.38, 8% above that low. The 200-day and 50-day moving averages have moved 0.11% higher and 0.17% higher over the past week, respectively.

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