This company designs, develops, produces and markets products, systems and services for communications solutions. This stock is trading up 6% at $30.90 in recent trading.
Today's Volume: 415,000
Average Volume: 177,134
Volume % Change: 224%
From a technical perspective, CMTL is soaring here on monster volume back above both its 50-day moving average of $30.75 and its 200-day moving average of $30.50. This move is pushing CMTL within range of triggering a near-term breakout trade. That trade will hit once CMTL takes out some near-term overhead resistance at $31.89 with high-volume.
Traders should now look for long-biased trades as long as CMTL is holding its trend above its 50-day at $30.75, and then takes out $31.89 with high volume. Look for a sustained move or close above those levels with volume that's near or above 177,134 shares. If we get that action soon, CMTL could easily trend back toward its April high of $34.59.
On the flipside, I would avoid this stock, or look for short-biased trades, if it were to close back below both its 50-day and 200-day with heavy volume.