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Crown Castle Int Set to Possibly Rebound After Yesterday's Selloff of 1.38%

By David Diaz

Crown Castle Int (NYSE:CCI) traded in a range yesterday that spanned from a low of $136.89 to a high of $139.18. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $137.34 on volume of 835,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Crown Castle Int. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Crown Castle Int in search of a potential trend change.

In the past 52 weeks, Crown Castle Int share prices have been bracketed by a low of $103.21 and a high of $149.47 and are now at $137.25, 33% above that low price. The 200-day and 50-day moving averages have moved 0.59% higher and 0.81% higher over the past week, respectively.

Keywords: rebounders crown castle int

Ticker(s): CCI