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Comcast (CMCSA) Breaks Through Resistance at $38.60
[January 14, 2013]

Comcast (CMCSA) Breaks Through Resistance at $38.60

Jan 14, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Comcast (NASDAQ:CMCSA) opened today above their pivot of $38.44 and have already reached the first level of resistance at $38.60. Investors may be interested in a cross of the next upside pivot targets of $38.74 and $39.04.

Comcast has overhead space with shares priced $38.61, or 9.1% below the average consensus analyst price target of $42.48. Comcast shares have support at the 50-day moving average (MA) of $37.11 and additional support at the 200-day MA of $33.48.

Comcast share prices have moved between a 52-week high of $38.78 and a 52-week low of $25.31 and are now trading 53% above that low price at $38.61 per share. The 200-day and 50-day moving averages have moved 0.63% higher and 0.41% higher over the past week, respectively.


SmarTrend recommended that subscribers consider buying shares of Comcast on November 30th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.02. Since that recommendation, shares of Comcast have risen 3.9%. We continue to monitor CMCSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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