[May 20, 2013] Comcast (CMCSA) Breaks Through Support at $42.14 Tweet May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- Comcast (NASDAQ:CMCSA) has opened bearishly below the pivot of $42.67 today and has reached the first level of support at $42.14. Investors may be interested in a cross of the next downside pivot targets of $41.65 and $40.63. Comcast share prices have moved between a 52-week high of $43.74 and a 52-week low of $28.09 and are now trading 49% above that low price at $41.92 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.6%. Comcast has overhead space with shares priced $41.92, or 11.8% below the average consensus analyst price target of $47.52. The stock should find initial support at its 50-day moving average (MA) of $41.62 and further support at its 200-day MA of $38.08. 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 15.2%. 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 [email protected] --------------------------------------------------------------------------------------------- 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 [ Back To TMCnet.com's Homepage ]