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After Yesterday's Rally of 2.47% Shares Could Potentially Pullback

By David Diaz

Commscope Holdin (NASDAQ:COMM) traded in a range yesterday that spanned from a low of $31.67 to a high of $32.85. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $32.65 on volume of 729,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Commscope Holdin have traded between a low of $27.88 and a high of $42.75 and are now at $32.81, which is 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

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 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders commscope holdin

Ticker(s): COMM