Comtech Telecommunications Makes a Move: Down 1.3%

Published on Thu, 03/28/2013 - 12:28
By Adrienne Chilton in Market movers, CMTL, comtech telecommunications, market movers, nasdaq:cmtl

Down 1.3% to $24.07, Comtech Telecommunications (NASDAQ:CMTL), is one of today's notable movers. The Dow is up 0.3% to 14,563 and the S&P is currently up 0.2% to 1,566.

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.

Potential upside of 20.5% exists for Comtech Telecommunications, based on a current level of $24.07 and analysts' average consensus price target of $29.00. The stock should run into initial resistance at its 50-day moving average (MA) of $26.13 and subsequent resistance at its 200-day MA of $26.84.

Over the past year, Comtech Telecommunications has traded in a range of $22.33 to $34.89 and is now at $24.07, 8% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.

By Adrienne Chilton
achilton@fnno.com

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