The Tide May Be Shifting for Comcast Corporation as it Crosses Above Its 20 Day Moving Average

The Daily View for Comcast Corporation

  • At the moment, CMCSA’s price is down $0 (0%) from the day prior.
  • Comcast Corporation has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Comcast Corporation’s hourly price chart is shown below.

CMCSA

The Daily View for Comcast Corporation

  • At the moment, CMCSA’s price is down $-0.84 (-1.52%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 and 50 day moving averages, resulting in them with price now being below them. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Comcast Corporation.

CMCSA

Featured Comcast Corporation Idea From TradingView

Below is a trading comment entitled Comcast Attempts a Bull Flag Breakout you may find interesting:

Comcast has pulled back after making a new high last month, and now it could be turning upward again.The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it.Second, notice the hammer on April 9 had its…

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