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33.0% Return Seen to Date on SmarTrend SBA Communications Call (SBAC)
Jan 31, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for SBA Communications (NASDAQ:SBAC) on May 24th, 2012 at $52.36. In approximately 8 months, SBA Communications has returned 33.04% as of today's recent price of $69.65.
SBA Communications share prices have moved between a 52-week high of $72.77 and a 52-week low of $44.83 and are now trading 55% above that low price at $69.66 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.
SBA Communications Corporation owns and operates wireless communications infrastructure in the United States. The Company offers both site leasing and site development services. SBA leases antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The Company also offers site development consulting and construction.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of SBA Communications shares.Log in and add SBA Communications (SBAC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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