Harry Aloof
01-19-2007, 08:00 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
Comcast (CMCSA) Nasdaq
Report No. 2206 Analysis by: Harry Aloof January 16, 2007
COMCAST CORP (CMCSA-Nasdaq): Technical Viewpoint: From a low of $38.83 on Nov 24, 2006 prices rallied, reaching a high of $43.03 on Dec 13, 2007. A decline saw prices pull back, reaching a low of $41.41 on Jan 3, 2007. Another rally saw prices penetrate resistance line "A", closing 1/2/07 at $43.32. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Jan 12, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $36.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jan 12, 2007. A P&F downside reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! COMCAST CORP (CMCSA-Nasdaq) @ $43.50 Stop: Use a protective stop of $41.50. COMCAST CORP is currently trading @ $43.32 plus $1.10 on Jan 12, 2007.
Price Objective: $55.00.
Risk/Reward: $2.00 VS. $11.50.
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2111-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
Comcast (CMCSA) Nasdaq
Report No. 2206 Analysis by: Harry Aloof January 16, 2007
COMCAST CORP (CMCSA-Nasdaq): Technical Viewpoint: From a low of $38.83 on Nov 24, 2006 prices rallied, reaching a high of $43.03 on Dec 13, 2007. A decline saw prices pull back, reaching a low of $41.41 on Jan 3, 2007. Another rally saw prices penetrate resistance line "A", closing 1/2/07 at $43.32. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Jan 12, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $36.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jan 12, 2007. A P&F downside reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! COMCAST CORP (CMCSA-Nasdaq) @ $43.50 Stop: Use a protective stop of $41.50. COMCAST CORP is currently trading @ $43.32 plus $1.10 on Jan 12, 2007.
Price Objective: $55.00.
Risk/Reward: $2.00 VS. $11.50.
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2111-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)