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Commscope Holdin Crosses Below its 10-day MA (COMM)

By James Quinn

Commscope Holdin (NASDAQ:COMM) crossed under its 10-day moving average of $21.78 on a volume of 107K 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.

In the past 52 weeks, Commscope Holdin share prices have been bracketed by a low of $15.09 and a high of $41.60 and are now at $21.38, 42% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Commscope Holdin on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.68. Since that recommendation, shares of Commscope Holdin have risen 17.1%. We continue to monitor COMM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses commscope holdin

Ticker(s): COMM