Comcast (CMCSA) – Earnings Breakout – July 11st, 2019
The bullish DailyPlay we chose for Thursday, July 11th is Comcast (CMCSA). CMCSA is part of the Communications Sector (XLC). XLC has rallied 6.96% higher over the past month and its 1m and 6m trend turned bullish on June 27th and just broke above its $50 resistance level.
Comcast’s 1m and 6m trend turned bullish on July 1st and recently broke above its $43.50 resistance level. With a technical score of 8 (out of 10), CMCSA is a bullish stock that will likely continue higher.
As a stop loss, if CMCSA was to trade below $43.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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