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Next Resistance Level for Comcast Corp-A (CMCSA) is $36.65

By Amy Schwartz

Shares of Comcast Corp-A (NASDAQ:CMCSA) opened today above their pivot of $36.02 and have already reached the first level of resistance at $36.37. Investors may be interested in a cross of the next upside pivot targets of $36.65 and $37.28.

There is potential upside of 24.2% for shares of Comcast Corp-A based on a current price of $36.28 and an average consensus analyst price target of $45.05. Comcast Corp-A shares have support at the 200-day moving average (MA) of $35.89 and additional support at the 50-day MA of $35.16.

Over the past year, Comcast Corp-A has traded in a range of $30.43 to $44.00 and is now at $36.28, 19% above that low. The 200-day and 50-day moving averages have moved 0% lower and 0.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Comcast Corp-A on June 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.42. Since that recommendation, shares of Comcast Corp-A have risen 8.0%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts comcast corp-a

Ticker(s): CMCSA