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Comcast Corporation (CMCSA) “On a long-term technical basis, the stock (CMCSA) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 44.35 and 41.96. If the stock breaks down through support at 44.35 then it will probably continue lower to 41.96. The stock has resistance at 45.20 and at 47.50. If the stock breaks up through resistance at 45.20 then it will probably continue higher to 47.50. The 200-day moving average is at 41.44. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 44.35 look for a rally to previous highs. The stock is slightly overbought according to the Stochastic Indicator (66.22).”
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