Traders and investors analyze technical indicators when making market entry and exit decisions. Moving averages and the RSI (relative strength index) are among the most widely used technical indicators. An RSI score below 30 signifies that a stock is oversold, while an RSI score above 70 indicates that a stock is overbought. In this part of the series, we’ll look at Comcast’s technical indicators and compare them with those of other media companies.
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On March 15, 2017, Comcast (CMCSA) was trading 7.9% above its 100-day moving average. In comparison, the Walt Disney Company (DIS) was trading around 7.6% above its 100-day moving average. 21st Century Fox (FOXA) was trading 6% above its average, and Time Warner (TWX) was trading around 5% above its 100-day moving average.
Comcast currently has a 14-day RSI reading of 52. In comparison, Disney has a 14-day RSI reading of 69, which has led traders to believe the stock is overbought. For ongoing updates and analysis, keep checking Market Realist’s Tech, Media, and Telecom page.
Comcast makes up 0.82% of the SPDR S&P 500 ETF (SPY). SPY invests 3.4% of its holdings in the computer sector.