Comcast (CMCSA) – Bullish DailyPlay for Thursday Dec 13th, 2018
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