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SmarTrend Watching for Potential Rebound in Shares of Crown Castle Int After 1.56% Loss

By Amy Schwartz

Crown Castle Int (NYSE:CCI) traded in a range yesterday that spanned from a low of $132.00 to a high of $136.46. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $133.74 on volume of 705,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Crown Castle Int has traded in a range of $99.99 to $137.31 and is now at $133.04, 33% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Crown Castle Int on May 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $127.57. Since that recommendation, shares of Crown Castle Int have risen 5.9%. We continue to monitor CCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders crown castle int

Ticker(s): CCI