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Look for Shares of Crown Castle Int to Potentially Rebound after Yesterday's 3.03% Sell Off

By Shiri Gupta

Crown Castle Int (NYSE:CCI) traded in a range yesterday that spanned from a low of $97.75 to a high of $100.87. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $98.78 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Crown Castle Int share prices have been bracketed by a low of $79.38 and a high of $104.68 and are now at $98.36, 24% 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 int

Ticker(s): CCI