After Yesterday's Rally of 1.29% Shares Could Potentially Pullback
Crown Castle International (NYSE:CCI) traded in a range yesterday that spanned from a low of $97.10 to a high of $98.54. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $97.33 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of Crown Castle International on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.63. Since that recommendation, shares of Crown Castle International have risen 12.2%. We continue to monitor CCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, Crown Castle International share prices have been bracketed by a low of $75.71 and a high of $98.54 and are now at $98.49, 30% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.11% higher over the past week, respectively.
Keywords: rebounders crown castle international