CommScope (COMM) update

We received a question on CommScope (COMM), which we flagged as bullish in our July 31 The Stock Pulse report.

CommScope (COMM): Bullish above 16.06-14.69 with potential to 21.68-22.18

COMM maintains a constructive technical setup after completing a mid-2023 to mid-2025 bottoming pattern in late June. The stock gapped higher in early August, reaching upside objectives from 11.30 to 13.40 before breaking above the late 2022 highs at 12.88–13.73.

COMM has continued to rally, completing a late September-late October falling (aka bullish) wedge without much resistance until the 2021 highs at 21.68–22.18. The immediate trend remains positive above the rising 13-week moving average at 16.06 with the next tactical risk management support at the mid-October higher low at 14.69. If needed, the prior highs from late 2022 at 13.73–12.88 provide additional support on pullbacks.

Continued strength for COMM relative to the S&P 500 supports the bullish case for this stock.

Chart 1: CommScope (COMM) (top) and relative to the S&P 500 (bottom)