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Comcast Corp (CMCSA) appears sluggish on charts
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Posted on 11/05/09 at 1:30pm by Mark Moneymaster
Comcast Corp's (NYSE: CMCSA) September quarter profit soared by around 22 percent, as it sold more phone and Internet subscriptions.
The Comcast Corp. (CMCSA) stock, quoting around $14.17 by mid-day trades, however, continued to look sluggish on chart, as the 50 days and 200 days MA were well above the current price of CMCSA.
But the largest U.S. cable company Comcast Corp. (CMSCA) suffered from a lack of corresponding gains in revenue received from each customer, due to promotional discounting to retain subscribers.
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