Comcast Booked a New High

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Comcast Booked a New High

Published on Wednesday, 08 February 2012 12:34 Written by TradersHuddle Wire

cmcsa New York, February 8th (TradersHuddle.com) - Shares of Comcast Corporation (NASDAQ:CMCSA) booked a new 52 week high today by trading above $27.18, traders are definitely monitoring Comcast's price action to see if this move attracts further buying into the stock.

Comcast Corporation (NASDAQ:CMCSA) provides a wide range of cable services. The Company offers a variety of entertainment, information and communications services to residential and commercial customers. Comcasts services include programming, Hi-speed Internet, and broadband phone service. The company is based in Philadelphia, Pennsylvania.

Comcast is currently trading -0.55% versus its previous trading session close, and it has calculated support and resistance at $22.71 and $27.18 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.12% from its previous trading close, which means that Comcast stock is underperforming the overall market.

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