[May 24, 2013] Comcast (CMCSA) Breaks Through Support at $41.50 Tweet May 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Comcast (NASDAQ:CMCSA) have bearishly opened below the pivot of $41.69 today and have reached the first support level of $41.50. Should the shares continue to fall, the support pivots of $41.19 and $40.69 will be of interest. In the past 52 weeks, shares of Comcast have traded between a low of $28.09 and a high of $43.74 and are now at $41.56, which is 48% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.4%. Comcast has overhead space with shares priced $41.56, or 12.5% below the average consensus analyst price target of $47.52. The stock should hit resistance at its 50-day moving average (MA) of $41.70, as well as support at its 200-day MA of $38.24. 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 13.0%. 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 ]