Comtech Telecommunications stock price (CMTL) rose in the intraday levels as trading volumes surged as well, after piercing the downward secondary trend line in the short term, thus shaking off negative pressure from the 50-day SMA, and commencing an upward correctional path, with positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the important resistance of $8.30, provided the support of $1.67 holds on.

Trend forecast: Bullish