Comtech Telecommunications (NASDAQ:CMTL), a company whose shares are moving quickly, is trading 1.4% lower to $25.13. The Dow Jones Industrial Average is now trading 0.5% lower to 13,035 and the S&P is trading 0.4% lower to 1,412.
Over the past year, Comtech Telecommunications has traded in a range of $22.33 to $34.89 and is now at $25.13, 13% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.4%.
Comtech Telecommunications has overhead space with shares priced $25.13, or 12.7% below the average consensus analyst price target of $28.80. The stock should run into initial resistance at its 50-day moving average (MA) of $25.33 and subsequent resistance at its 200-day MA of $28.41.
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.