Nov. 14 at 11:24 PM
$CMCSA is currently trading at
$27.51, below both the 30-day moving average (MA30) of
$28.83 and the 50-day moving average (MA50) of
$30.12, indicating a bearish trend. The RSI of 35.64 suggests that the stock is approaching oversold territory, which could indicate a potential reversal in the near term. The recent price action has seen a 60-day high of
$34.45 and a low of
$25.75, establishing a significant range.
Given the current market context, a cautious bullish bias may be appropriate if the price shows signs of recovery. Suggested entry could be around
$27.75, just above the last close, with a stop loss set at
$26.50 to manage risk. Target 1 could be set at
$29.00, aligning with the MA30, and Target 2 at
$30.00, near the MA50. This plan allows for a potential rebound while managing downside risk effectively.
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