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Comcast Moving Above Resistance
Published on Friday, 27 January 2012 05:20 Written by TradersHuddle Staff
New York, January 27th (TradersHuddle.com) - Shares of Comcast Corporation (NASDAQ:CMCSA) closed the trading session at $26.31 just above calculated resistance at $25.70 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.
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's stock was trading in a well defined range with support at $22.71 and resistance at $25.70, given that this range was broken traders will be closely monitoring the stock
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