As we enter the 4Q it is looking as though buyers interest may start picking up soon. Double top pattern is completing. Coupled with Comcast's undervalued metrics (low P/E and favorable value scores cited by analysts) and a solid dividend yield, this technical failure to decline can set the stage for a sustained rebound, as renewed buying interest drives the stock out of its recent downtrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.