To update this post from earlier in August regarding the bullish setups in the communications and cable service provider space, I continue to be intrigued by an array of names in the sector. 12631 members know from my current portfolio holdings which specific ones I like, but there can be no denying that Comcast looks ripe to bounce off that 20 day moving average after the uptick in buy volume on Friday. As with many stocks and sectors, the pullback over the past week or two has been orderly and expected within the context of an uptrend.
With that in mind, in the mass media space CBS also is indicating a tight base over the past few weeks that gave signs on Friday of attempting a breakout higher.
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