Comcast Corp.(CMCSA) has rising momentum with an uptrend

(23-May-2008) (23-May-2008) Comcast Corp.(CMCSA) closed at 22.72, up 0.09 or 0.4 % for the day. Based on our analysis, Comcast Corp.(CMCSA) has rising momentum with an uptrend.

The closing price of Comcast Corp.(CMCSA) is above its 50 day moving average of 21.04 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Comcast Corp.(CMCSA) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line today, let us see if it sustains.