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Comcast (CMCSA) Downgrade Alert, Watch for 6.2% Technical Downtrend Continuation

Nov 02, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Comcast Corp. (CMCSA)

Comcast (NASDAQ:CMCSA) downgraded to Hold from Buy, $17 target, at Kaufman Bros. The stock closed Friday at $14.50 on volume of 24,772,568 shares, above average daily volume of 22,497,715.

Comcast is currently below its 50-day moving average of $15.90 and below its 200-day moving average of $14.61.

SmarTrend is bearish on shares of CMCSA and our subscribers received a Downtrend alert on October 02, 2009 at $15.46, which has returned 6.2% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Comcast Corp. (CMCSA)


Related terms: market, nasdaq, securities

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