Comcast (CMCSA) – Earnings Breakout – July 11st, 2019

The bullish DailyPlay we chose for Thursday, July 11th is Comcast (CMCSAWealth Strength IndexAAPL is Extremely Up and trending Up). CMCSAWealth Strength IndexAAPL is Extremely Up and trending Up is part of the Communications Sector (XLC). XLC has rallied 6.96% higher over the past month and its 1m and 6m trend turned bullish on June 27th and just broke above its $50 resistance level.

Comcast’s 1m and 6m trend turned bullish on July 1st and recently broke above its $43.50 resistance level. With a technical score of 8 (out of 10), CMCSAWealth Strength IndexAAPL is Extremely Up and trending Up is a bullish stock that will likely continue higher.

As a stop loss, if CMCSAWealth Strength IndexAAPL is Extremely Up and trending Up was to trade below $43.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.