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SmarTrend Watching for Potential Pullback in Shares of Sba Comm Corp After 1.57% Gain

By James Quinn

Sba Comm Corp (NASDAQ:SBAC) traded in a range yesterday that spanned from a low of $163.13 to a high of $167.70. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $166.98 on volume of 312,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Sba Comm Corp has traded in a range of $95.66 to $177.67 and is now at $167.28, 75% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

Keywords: rebounders sba comm corp

Ticker(s): SBAC