SBA Communications Crosses Below its 10-day MA (SBAC)
SBA Communications (NASDAQ:SBAC) crossed under its 10-day moving average of $102.10 on a volume of 124K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
SBA Communications share prices have moved between a 52-week high of $128.47 and a 52-week low of $82.80 and are now trading 23% above that low price at $101.94 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.3%.
SmarTrend is tracking the current trend status for SBA Communications and will alert subscribers who have SBAC in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses SBA Communications