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Comcast Corporation ( $CMCSA ) is one of the best stock to buy and offering possible buying price between $43.60 – $45.78, as of June 21th, 2019. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had rock solid run since Jan of this year.
3. The stock then started to move sideways and tried to consolidate the gains.
4. But, the stock came under severe distribution, but on low volume, so quickly recovered and retook the 50 day moving average support.
5. The accumulation volume was also heavy lately.
6. The potential buying price would be between $43.60 and $45.78 and a stop loss price at $40.11.
