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COMCAST CORP. A DL-,01COMCAST CORP. A DL-,01COMCAST CORP. A DL-,01

COMCAST CORP. A DL-,01

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CTP2 trade ideas

Comcast Attempts a Bull Flag BreakoutComcast has pulled back after making a new high last month, and now it could be turning upward again. The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it. Second, notice the hammer on April 9 had its low around $52.50 -- almost exactly the high on November 24. That level held price in check through late February. Old resistance may be turning into new support. Next, CMCSA briefly fell below its 50-day simple moving average (SMA) and 21-day exponential moving average (EMA). Now it’s back above both. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:CMCSALong
by TradeStation
Comcast PullbackNASDAQ:CMCSA pulled back today past the 50% retracement I was watching but still holding the Daily Ichimoku cloud. I already own a stake in the shares as part of my "Broadband rollout" investment thesis I began last June. Interestingly another stock NASDAQ:COMM which is also in that basket is up bigly today to a new All Time High. I added to my shares position for the thesis and long term investment portfolio. It's a good company that should be around in 10 years which is my foremost consideration for investment. I also took short term options to play the run up to earnings on 4/29.
NASDAQ:CMCSALong
by norok
5
CMCSA > 53.50Ticker: CMCSA Sector: Communication Services / Entertainment Average Beta: 1.04 Set up: Wedge Breakout / Micro Flag Entry Price: 53.62 Stop Loss: 51.67 Price Target: 65 Scale in/out: Scaling in with volume approaching ATH supporting bids throughout the trade. Scaling out as im paying for the trade once bids stop supporting figures such as 55, 56, etc..otherwise letting the trade work for me with kicks along the way. Will you trail: Will trail with previous day LOD Next Earnings: April 28 Previous Earnings: Jan 28 (Beat) ATR: 1.15 ATV: 17.04M Spread: 0.03 - 0.10 Support: 52 and 51.75 Pivots Resistance: Since its at ATH resistance is could be located at each figure that's why volume is significant, especially when approaching psychological numbers. Key Levels: 51.75 Support, 52 Support, 53.60 ATH, 55 Figure, 60 Figure, 65 Figure Short Interest: 1.69% I really like this trade since it has been in a solid consolidation for a few months with steady grinding along the way. The pattern looks even better after the positive reported earnings back in January forming a micro flag. The only real concern is if volume doesn't support the trade as it grinds. Otherwise this setup is great and a bit more consolidation wouldn't hurt the trade.
NASDAQ:CMCSALong
by mentalcapital
1