The bullish DailyPlay we chose for Thursday, Dec 13th is Comcast (CMCSA). CMCSA is part of the Communications Sector (XLC). Over the last month, XLC has experienced a 2.49% move lower and its 1m and 6m trend have turned neutral and momentum has recently shifted higher.
Comcast’s 1m and 6m trends turned bullish on 11/27 and recently bounced higher off its $37 support level. With a technical score of 9 (out of 10), CMCSA is a strong stock that will likely continue higher.
As a stop loss, if CMCSA was to trade below $37 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Upcoming Event: Generating Consistent Income w/ Selling Covered Calls – Thurs 12/13 @ 4:15 PM EST