Comcast Corporation : Bullish trend
By Josselin Giraud
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$37.2 | $41.4 | $36.3 | +11.29% |
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.