Comcast Corp, listed on the NASDAQ, is a global media and technology company. Its stock is approaching the lower bullish channel and could bounce towards short and mid term resistance in the coming trading session.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of USD 2.44 per share for the current year.
Following a bullish wave, the stock now shows a slight decline that should lead towards its USD 40 short-term support. On this level, remobilization of buyer flows would allow an uptrend in the coming trading session.
The decline observed in the short term offers an interesting entry point. Investors will take advantage of the current area to buy Comcast Corporation. The objectives will be set at USD 41.95 and by extension USD 43.7. The stop loss will be triggered below the USD 40 support.