• Return to Headlines

Watch for Comcast Corp-A to Potentially Pullback After Gaining 1.94% Yesterday

By Shiri Gupta

Comcast Corp-A (NASDAQ:CMCSA) traded in a range yesterday that spanned from a low of $44.63 to a high of $45.38. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $44.84 on volume of 3.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Comcast Corp-A share prices have moved between a 52-week high of $47.27 and a 52-week low of $32.61 and are now trading 39% above that low price at $45.36 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Comcast Corp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Comcast Corp-A in search of a potential trend change.

Keywords: rebounders comcast corp-a

Ticker(s): CMCSA