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TMCNet:  Next Support Level for Comcast (CMCSA) is $36.44

[November 26, 2012]

Next Support Level for Comcast (CMCSA) is $36.44

Nov 26, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Comcast (NASDAQ:CMCSA) opened today below their pivot of $36.79 and have already reached the first level of support at $36.68. Should the shares continue to fall, the support pivots of $36.44 and $36.09 will be of interest.


Comcast share prices have moved between a 52-week high of $37.96 and a 52-week low of $20.90 and are now trading 75% above that low price at $36.65 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.6%.

There is potential upside of 15.4% for shares of Comcast based on a current price of $36.65 and an average consensus analyst price target of $42.31. The stock should discover initial support at its 50-day moving average (MA) of $35.59 and subsequent support at its 200-day MA of $31.48.

SmarTrend is monitoring the recent change of momentum in Comcast. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Comcast in search of a potential trend change.

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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