Long

Comcast long after earnings

Updated

had earnings yesterday and the stock opened and spiked below the October low. It quickly recapture the range setting up a good spike opportunity. I like taking these sort of setups because earnings is a good catalyst to move a stock (in either direction) and also removes that unknown volatility factor that could disrupt an otherwise good trade.

is a long term portfolio hold for me so this position is a trade and an addition on a pullback for the stock. I use Comcast and they are continuing to dominate the broadband space. I also have it in a basket strategy with other broadband related stocks such as , , and .

Note

On the higher timeframe analysis the earning spike and setup occurred at what I would consider a minor inflection point of price around 52. It was the top of the Q4 2020 range which was broken and then retested for the recent leg up. A full 50% Retracement would be around 47.

norok

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Comcast Pullback

by norok

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