Comcast Corporation, the largest cable operator in the US could exceed the symbolic threshold of USD 37.6.

From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by 11.9% on the current year, with a net margin of 7.45%. Analysts widely revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the company is healthy.

Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well-oriented. The security is now moving toward the mid-term resistance located at USD 37.6 and seems able to breakout soon. This crossing would provide a strong buy signal.

Given these elements, most active investors could take a buy position and aim to cross the USD 37.6 resistance for a new bullish signal. A stop loss is placed at USD 36.29 short term support, threshold that would invalidate the bullish strategy.