Comcast (PL) NYSE 1/16/2007

[Harry Aloof]

From Wall Street Trader's Column

Comcast (PL) NYSE
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