COMCAST CORP
(CMCSA-Nasdaq):
Technical Viewpoint: From a low
of $16.91 on Oct 7, 2010 prices
rallied, reaching a
high of $21.19
on Nov 4, 2010. A
decline saw prices pull back, reaching a
low of
$19.85 on Nov 30, 2010.
Another rally saw prices penetrate
resistance, closing 12/13/10
at $21.31. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 10, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $20.66. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 7, 2010. A P&F upside
reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! COMCAST CORP
(CMCSA-Nasdaq) @ $21.38 Stop: Use a protective stop of $19.88.
COMCAST CORP is currently trading @ $21.31 plus $0.46 on Dec 10, 2010. Price Objective:
$28.00. Risk/Reward: $1.50 VS. $6.62. Today's Risk Reward Ratio: 4:1
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