[WEAK BEARISH]: Comtech Telecom buyers are becoming less eager. This is the first day buyers have decreased eagerness for CMTL reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $3.8400 & the greatest daily price range this year has been $16.1800. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.2x.
The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.
Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;
PROFILE: Comtech Telecom (CMTL)
Stock Exchange: NASDAQ
Company: Comtech Telecom
Ticker Codes: | CMTL | NASDAQ:CMTL |
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c. This segment also offers enterprise application technologies, including location-based technology, such as Trusted Location, a software-based scoring system that allows providers to determine mobile location and identify fraudulent behavior and other security risks; Look4, an application that enables customers to build their own applications; Indoor Location, a solution that enables the determination of a cell phone user's geospatial position; text messaging platforms that are used by wireless carriers to provide short-messaging services and to communicate with 911 public safety answering points; and VirtuMedix, a digital health platform that enables virtual healthcare. The company's Government Solutions segment provides command and control technologies, including tactical communications, managed networks, logistics, and end-to-end integration; cyber security training and computer network operations; and satellite-based mobile communications and tracking systems. This segment also offers over-the-horizon microwave systems, such as equipment and systems that transmit digitized voice, video, and data; and solid state high power broadband amplifiers designed for radar, electronic warfare, jamming, medical, and aviation applications. The company serves commercial and government customers worldwide. Comtech Telecommunications Corp. was founded in 1967 and is headquartered in Melville, New York.
|PGNX Progenics Pharmaceuticals||6.42||7||1,876,181||1||BULLISH|
|BLDP Ballard Power Systems||4.17||6.9||2,647,523||1||BULLISH|
|AKAO Achaogen Inc||4.55||6.3||556,713||1||BULLISH|
|DHXM DHX Media Ltd||1.07||6.1||210,438||1||BULLISH|
|SPWR Sunpower Corporation||7.95||5.3||5,114,373||1||BULLISH|
|LJPC La Jolla Pharma||22.07||5.3||209,868||1||BULLISH|
|BIDU Baidu Inc||227.53||4.9||2,984,499||1||BULLISH|
|EPZM Epizyme Inc||10.27||4.8||295,993||1||BULLISH|