Comcast (CMCSK) Showing Signs Of Being Water-Logged And Getting Wetter

Trade-Ideas LLC identified Comcast ( CMCSK) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Comcast as such a stock due to the following factors:

  • CMCSK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $127.9 million.
  • CMCSK has traded 554,132 shares today.
  • CMCSK traded in a range 232.4% of the normal price range with a price range of $2.00.
  • CMCSK traded below its daily resistance level (quality: 12 days, meaning that the stock is crossing a resistance level set by the last 12 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a possible continuation as the stock moves lower.

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More details on CMCSK:

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The stock currently has a dividend yield of 1.6%. CMCSK has a PE ratio of 22. Currently there is 1 analyst that rates Comcast a buy, no analysts rate it a sell, and none rate it a hold.

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