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Commscope Holdin Trading Lower on Heavy Volume, Inline With Overall Trend (COMM)

By James Quinn

Commscope Holdin's stock is down 17.9% to $20.11 on heavy trading volume. Today's volume of 5.1 million shares tops the average 30-day volume of 2.6 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Commscope Holdin on May 1st, 2018 by issuing a Downtrend alert when the shares were trading at $28.75. Since that call, shares of Commscope Holdin have fallen 14.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Commscope Holdin have traded between the current low of $20.11 and a high of $41.60 and are now at $20.33. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.4%.

Keywords: unusual volume commscope holdin

Ticker(s): COMM