Comcast Corp.(CMCSA) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Comcast Corp.(CMCSA) closed at 22.52, up 0.02 or 0.09 % for the day. Based on our analysis, Comcast Corp.(CMCSA) is in an uptrend but could lose its momentum.

The closing price of Comcast Corp.(CMCSA) is above its 50 day moving average of 20.9 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Comcast Corp.(CMCSA) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 20-May-2008, about 10 trading days ago.