Comtech Telecommunications Shares Down 50.7% Since SmarTrend's Sell Call (CMTL)
SmarTrend identified a Downtrend for Comtech Telecommunications (NASDAQ:CMTL) on June 9th, 2016 at $21.26. In approximately 4 months, Comtech Telecommunications has returned 50.74% as of today's recent price of $10.47.
Over the past year, Comtech Telecommunicationshas traded in a range of $10.40 to $32.13 and are now at $10.47. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.3%.
Comtech Telecommunications Corp. designs, develops, and manufactures technology electronic products and systems. The Company's communications products are used worldwide for voice, data, facsimile, and video transmissions at microwave frequencies in satellite, over-the-horizon microwave, terrestrial line-of-sight, and wireless telecommunications.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Comtech Telecommunications.
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