Perilous Reversal Watch: CommScope (COMM)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified CommScope ( COMM) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified CommScope as such a stock due to the following factors:

  • COMM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $38.3 million.
  • COMM has traded 341,114 shares today.
  • COMM is down 3% today.
  • COMM was up 6.3% yesterday.

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More details on COMM:

CommScope Holding Company, Inc., together with its subsidiaries, provides connectivity and infrastructure solutions for wireless, business enterprise, and residential broadband networks worldwide. The company operates through three segments: Wireless, Enterprise, and Broadband. COMM has a PE ratio of 22.4. Currently there are 4 analysts that rate CommScope a buy, 1 analyst rates it a sell, and 2 rate it a hold.

The average volume for CommScope has been 1.3 million shares per day over the past 30 days. CommScope has a market cap of $5.3 billion and is part of the technology sector and telecommunications industry. Shares are up 21.6% year-to-date as of the close of trading on Thursday.

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