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Shares of Commscope Holdin Fall Below Previous 52-Week Low

By Nick Russo

Shares of Commscope Holdin (NASDAQ:COMM) traded at a new 52-week low today of $11.12. Approximately 790,000 shares have changed hands today, as compared to an average 30-day volume of 3.5 million shares.

Potential upside of 210.3% exists for Commscope Holdin, based on a current level of $11.12 and analysts' average consensus price target of $34.50. Commscope Holdin shares should first meet resistance at the 50-day moving average (MA) of $15.07 and find additional resistance at the 200-day MA of $19.32.

In the past 52 weeks, shares of Commscope Holdin have traded between the current low of $11.12 and a high of $31.96 and are now at $11.12. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.8%.

CommScope Holding Company, Inc. operates as a holding company. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. CommScope serves customers throughout the world.

SmarTrend recommended that its subscribers protect gains by selling shares of Commscope Holdin on May 6th, 2019 by issuing a Downtrend alert when the shares were trading at $23.78. Since that call, shares of Commscope Holdin have fallen 51.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows commscope holdin

Ticker(s): COMM