Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) last traded at $17.79. (NASDAQ:CMTL) performance year to date is 50.13%. The 200 day simple moving average is 43.00%. The 200 SMA is considered a major indicator by market analysts and traders for determining the long-term trend. The price in the market that coincides with the 200 day SMA is recognized as a key support when price moves above the 200 day SMA or resistance when price drops below the same.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.
Comtech Telecommunications Corp. (NASDAQ:CMTL) has been in the buzz for all the right reasons.
The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend.
The Exponential Moving Average is similar to a simple moving average but it uses a weighting element that exponentially drops from the recent data point. EMA analysis assesses the short term,5 days and 13 days, intermediate term that is 20 days and long-term 50 days EMA. These EMAs will give bullish indications when moving above trailing EMAs and below the latest price and vice versa. EMA alerts comprise crossovers that is the 5 day EMA crosses below/above the 20 day EMA and EMA convergences, 5 day EMA comparable to 13 day EMA. The long term and short term EMA’s of 15.93 and 14.26 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .
The relative strength index is a momentum oscillator that can measure the magnitude of stock price and velocity changes. Momentum is computed as the ratio of plus price changes to negative price changes. The RSI assessment compares the prevailing RSI against oversold (30), overbought (70) and neutral (50) conditions. Alerts will apprise you when stocks retreat from overbought/oversold levels or breakthrough neutral (50). The current RSI is 79.74 suggesting a bullish price action.
Comtech Telecommunications Corp. (NASDAQ:CMTL) is all set to report its earnings on Jun 07/a. As per Zack’s analyst scores, Comtech Telecommunications Corp. (NASDAQ:CMTL) currently has a mean brokerage rating of 1.4. On a scale of 1-5, a rating of 1 or 2 would imply a buy, and a rating of 4 or 5 would indicate a sell recommendation. A rating of 3 would represent a hold on the equity. The consensus target price on (NASDAQ:CMTL) is $18.1 with a high of $20 and a low of $12.5.
As such, while we consider Comtech Telecommunications Corp. (NASDAQ:CMTL) represents a enthralling growth story open to several attractive markets, it would be fascinating to see how it works for long-term shareholders.