As this week came to a end shares of CMCSA were up over 8% from the Monday close after four straight days of aggressive buying.  The stock is bumping up against it declining 200 day moving average now.  A clear take out of the November peak($38.85)could extend last week’s rally in a big way. 

cmcsa

Options activity was also quite positive.  Here’s Bob’s take:  CMCSA been unusually strong past 3 days…increasingly volume every day…..especially today…..a lot of call activity in the name today, highlighted by 10,000 Dec 39.5 calls being bought for $.54 cents when the stock was at $38.40.

We do not have a position in CMCSA but will be keeping a close eye on the action next week.