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Sba Comm Corp Falls 2.18% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Sba Comm Corp (NASDAQ:SBAC) traded in a range yesterday that spanned from a low of $148.02 to a high of $153.43. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $152.29 on volume of 460,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Sba Comm Corp share prices have been bracketed by a low of $145.81 and a high of $177.67 and are now at $148.52, 2% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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