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Watch for Crown Castle International to Potentially Rebound After Falling 1.06% Yesterday
Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
Crown Castle International (NYSE:CCI) traded in a range yesterday that spanned from a low of $72.57 to a high of $73.60. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $72.90 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
In the past 52 weeks, Crown Castle International share prices have been bracketed by a low of $44.92 and a high of $75.10 and are now at $72.75, 62% above that low price. The 200-day and 50-day moving averages have moved 0.69% higher and 0.82% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Crown Castle International on June 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.44. Since that recommendation, shares of Crown Castle International have risen 30.3%. We continue to monitor CCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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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