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Sba Comm Corp: The Winning Streak Continues (SBAC)

By Amy Schwartz

Shares of Sba Comm Corp (NASDAQ:SBAC) traded today at $189.95, breaking its 52-week high. This new high was reached on below average trading volume as 171,000 shares traded hands, while the average 30-day volume is approximately 652,000 shares.

Sba Comm Corp (NASDAQ:SBAC) is currently priced 5.4% above its average consensus analyst price target of $179.39. The stock should discover initial support at its 50-day moving average (MA) of $178.39 and subsequent support at its 200-day MA of $165.25.

In the past 52 weeks, Sba Comm Corp share prices have been bracketed by a low of $146.13 and a high of $189.95 and are now at $189.59, 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

SBA Communications Corporation owns and operates wireless communications infrastructure in the United States. The Company offers both site leasing and site development services. SBA leases antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The Company also offers site development consulting and construction.

SmarTrend recommended that subscribers consider buying shares of Sba Comm Corp on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $168.57. Since that recommendation, shares of Sba Comm Corp have risen 12.4%. We continue to monitor SBAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows sba comm corp

Ticker(s): SBAC