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CMTL Crosses Above Key Moving Average Level

By Dividend Channel Staff, Friday, June 8, 11:12 AM ET
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In trading on Friday, shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) crossed above their 200 day moving average of $30.74, changing hands as high as $31.05 per share. Comtech Telecommunications Corp. shares are currently trading up about 4% on the day. The chart below shows the one year performance of CMTL shares, versus its 200 day moving average:

Comtech Telecommunications Corp. 200 Day Moving Average Chart

Looking at the chart above, CMTL's low point in its 52 week range is $23.51 per share, with $35.65 as the 52 week high point — that compares with a last trade of $30.02.

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According to the ETF Finder at ETF Channel, CMTL makes up 1.77% of the SPDR S&P Telecom ETF (AMEX:XTL) which is trading lower by about 0.7% on the day Friday.

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