Sba Communications Corp (SBAC): Price Now Near $287.22; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for SBAC

Currently, SBAC (Get Ratings)’s price is up $1.71 (0.6%) from the hour prior. The hourly chart shows that SBAC has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

SBAC ranks 8th in terms of today’s price percentage change out of Trading stocks.

SBAC’s Technical Outlook on the Daily Chart

At the time of this writing, SBAC’s price is up $4.05 (1.43%) 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. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Sba Communications Corp’s price action over the past 90 days can be seen via the chart below.

SBAC

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