COMCAST CORP
(CMCSA-Nasdaq):
Technical Viewpoint: From a low
of $38.83 on Nov 24, 2006 prices
rallied, reaching a
high of $43.03
on Dec 13, 2007. A
decline saw prices pull back, reaching a
low of
$41.41 on Jan 3, 2007.
Another rally saw prices penetrate
resistance, closing 1/2/07
at $43.32. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jan 12, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 12, 2007. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! COMCAST CORP
(CMCSA-Nasdaq) @ $43.50 Stop: Use a protective stop of $41.50.
COMCAST CORP is currently trading @ $43.32 plus $1.10 on Jan 12, 2007. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $11.50. Today's Risk Reward Ratio: 6:1
|
Click here to view full size chart
|