The media giant battled against a downward-sloping running from March 16 through last Wednesday. But it ended last week breaking above it.
Second, notice the on April 9 had its low around $52.50 -- almost exactly the high on November 24. That level held price in check through late February. Old resistance may be turning into new support.
Next, CMCSA briefly fell below its 50-day ( ) and 21-day ( ). Now it’s back above both.
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