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Shares of Commscope Holdin Fall to a New 52-Week Low

By Nick Russo

Commscope Holdin (NASDAQ:COMM) traded today at a new 52-week low of $14.89. So far today approximately 807,000 shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.

Commscope Holdin (NASDAQ:COMM) has potential upside of 131.7% based on a current price of $14.89 and analysts' consensus price target of $34.50. The stock should find initial resistance at its 50-day moving average (MA) of $17.01 and further resistance at its 200-day MA of $20.65.

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.

Commscope Holdin share prices have moved between a 52-week high of $32.48 and the current low of $14.89 and are currently at $14.89 per share. The 200-day and 50-day moving averages have moved 1.06% lower and 2.97% lower over the past week, respectively.

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 35.4%. 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