Sba Communications Corp (SBAC): Price Now Near $260.43; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for SBAC

At the moment, SBAC’s price is down $-1.34 (-0.51%) from the hour prior. SBAC has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

SBAC’s Technical Outlook on the Daily Chart

At the moment, SBAC’s price is down $-1.08 (-0.41%) from the day prior. SBAC has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Sba Communications Corp’s price action over the past 90 days can be seen via the chart below.

SBAC

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