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After Yesterday's Rally of 1.50% Shares Could Potentially Pullback

By David Diaz

Sba Comm Corp (NASDAQ:SBAC) traded in a range yesterday that spanned from a low of $161.15 to a high of $164.63. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $162.98 on volume of 649,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Sba Comm Corp have traded between a low of $95.66 and a high of $173.97 and are now at $163.48, which is 71% above that low price. 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 Comm Corp and will alert subscribers who have SBAC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders sba comm corp

Ticker(s): SBAC