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Watch for Comcast Corp-A to Potentially Pullback After Gaining 3.56% Yesterday

By Nick Russo

Comcast Corp-A (NASDAQ:CMCSA) traded in a range yesterday that spanned from a low of $32.77 to a high of $34.06. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $32.65 on volume of 21.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Comcast Corp-A share prices have moved between a 52-week high of $44.00 and a 52-week low of $30.43 and are now trading 10% above that low price at $33.40 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

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 17.4%. 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