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Look for Shares of Crown Castle Int to Potentially Rebound after Yesterday's 1.38% Sell Off

By James Quinn

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.

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. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

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.

Keywords: rebounders crown castle int

Ticker(s): CCI