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Look for Shares of Crown Castle Int to Potentially Rebound after Yesterday's 1.69% Sell Off

By David Diaz

Crown Castle Int (NYSE:CCI) traded in a range yesterday that spanned from a low of $125.25 to a high of $127.33. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $126.91 on volume of 658,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Crown Castle Int share prices have moved between a 52-week high of $130.60 and a 52-week low of $98.85 and are now trading 27% above that low price at $125.25 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Crown Castle Int and will alert subscribers who have CCI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders crown castle int

Ticker(s): CCI