The CMCSA (Comcast Corp Class A) swing trade has hit the first & only official price target, T1 at 34.43, for a quick 3-day beta-adjusted gain of 3.9%. The total move from the entry price of 33.24 on Wednesday was 3.6% with the suggested beta-adjusted position size of 1.1, or 10% above a typical position size, resulting in the 3.9% beta-adjusted gain. The case for a potential longer-term trade along with an update on CMCSA was covered in today’s Trade Ideas Update & Market Analysis video. Previous & Updated 60-minute charts followed by the daily charts below:
Click first chart to expand, then click on right of each expanded chart to advance. Pinch-zoom on mobile.