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Bearish Moving Average Cross by Commscope Holdin (COMM)

By Shiri Gupta

Commscope Holdin (NASDAQ:COMM) shares have crossed bearishly below their 10-day moving average of $32.41 on a volume of 240K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Commscope Holdin has traded in a range of $27.88 to $42.75 and is now at $32.27, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Commscope Holdin on May 4th, 2017 by issuing a Downtrend alert when the shares were trading at $34.52. Since that call, shares of Commscope Holdin have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses commscope holdin

Ticker(s): COMM