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Shares of Commscope Holdin Fall Below Previous 52-Week Low

By David Diaz

Shares of Commscope Holdin (NASDAQ:COMM) traded at a new 52-week low today of $25.45. This new low was reached on below average trading volume as 124,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.

Commscope Holdin (NASDAQ:COMM) has potential upside of 34.2% based on a current price of $25.70 and analysts' consensus price target of $34.50. Commscope Holdin shares should first meet resistance at the 50-day moving average (MA) of $30.55 and find additional resistance at the 200-day MA of $33.99.

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.

In the past 52 weeks, shares of Commscope Holdin have traded between the current low of $25.45 and a high of $41.60 and are now at $25.70. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for Commscope Holdin and will alert subscribers who have COMM in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows commscope holdin

Ticker(s): COMM