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Next Resistance Level for Comcast (CMCSA) is $63.20

By Amy Schwartz

Comcast (NASDAQ:CMCSA) has opened bullishly above the pivot of $62.42 today and has reached the first level of resistance at $62.74. Should the shares continue to rise, the resistance pivots of $63.20 and $63.98 will be of interest.

There is potential upside of 13.2% for shares of Comcast based on a current price of $62.60 and an average consensus analyst price target of $70.86. Comcast shares have support at the 50-day moving average (MA) of $60.46 and additional support at the 200-day MA of $59.05.

In the past 52 weeks, shares of Comcast have traded between a low of $50.00 and a high of $64.99 and are now at $62.60, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.41% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Comcast on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.52. Since that recommendation, shares of Comcast have risen 6.4%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Comcast

Ticker(s): CMCSA