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Watch for Continued Gains in Shares of Crown Castle Int (CCI)

By Nick Russo

Shares of Crown Castle Int (NYSE:CCI) traded today at $137.59, breaking its 52-week high. So far today approximately 286,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

Crown Castle International Corp. operates as a real estate investment trust. The Company owns, operates, and leases towers and other infrastructure for wireless communications. Crown Castle manages and offers wireless communication coverage and infrastructure sites in the United States and Australia.

Crown Castle Int (NYSE:CCI) defies analysts with a current price ($137.59) 17.9% above its average consensus price target of $112.93. The stock should discover initial support at its 50-day moving average (MA) of $128.01 and subsequent support at its 200-day MA of $117.43.

Crown Castle Int share prices have moved between a 52-week high of $137.59 and a 52-week low of $100.41 and are now trading 37% above that low price at $137.59 per share. The 200-day and 50-day moving averages have moved 0.29% higher and 0.36% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Crown Castle Int on May 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $127.57. Since that recommendation, shares of Crown Castle Int have risen 7.1%. We continue to monitor CCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows crown castle int

Ticker(s): CCI