5PMTrader
Long

Comcast - Cup And Handle Breakout

NASDAQ:CMCSA   COMCAST CORP NEW
46 0 0
Price broke out of a resistance level , creating a textbook cup and handle breakout. If we use the dept of the cup as a target from the resistance level and most recent structure low as a stop, we have a good trade on our hand with an excellent reward to risk ratio.

Don't forget, this stock has a current dividend yield of about 1.75%.

Good luck :)
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