During the last six months Comcast has lost almost a third of its market capitalization. With its recent fourth quarter results, Comcast is a buy. Here’s why.
There are two resistances as shown by the trend-lines in the chart below. On 2008-02-14 and 2008-02-15, prices crossed both resistances decisively.
Both lines are significant as they crossed each other at $18 recently.
Our own market psychology barometer reading was 51 and 55 respectively signaling there are more bulls than bears for this ticker.
read more
$20.35 (02/17/08)
Agree
Disagree
