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Next Support Level for Comcast Corp-A (CMCSA) is $36.67

By Amy Schwartz

Shares of Comcast Corp-A (NASDAQ:CMCSA) have bearishly opened below the pivot of $37.01 today and have reached the first support level of $36.81. Investors may be interested in a cross of the next downside pivot targets of $36.67 and $36.32.

There is potential upside of 31.2% for shares of Comcast Corp-A based on a current price of $36.92 and an average consensus analyst price target of $48.43. Comcast Corp-A shares have support at the 50-day moving average (MA) of $36.28 and additional support at the 200-day MA of $33.53.

Over the past year, Comcast Corp-A has traded in a range of $30.02 to $44.00 and is now at $36.92, 23% 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 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts comcast corp-a

Ticker(s): CMCSA