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Stock Charts AI Power Rank: 8.5
Power Rank trend -> Rising
07/26/2024 16:00:00 EST
SBA Communications Corp (SBAC)
Industry: REIT - Specialty
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SBAC has been trading in a range between $214.22 and $189.00 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
SBAC is trading between resistance at $223.75 about 4% to the upside and support at $211.20 -2% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $254.98, about a 19% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
SBA Communications Corp $SBAC entered a Green zone 14 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $248.93, a potential upside of 15.94% from the recent price of 214.71. The stock is trading 19.39% (potential upside) below its 52 week high of $256.34 and 17.5 % (potential downside) above its 52 week low of $182.73 - based on the recent price.
Company Summary
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization.
News
| Seeking Clues to SBA Communications (SBAC) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics Beyond analysts' top -and-bottom-line estimates for SBA Communications (SBAC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024. Source: Zacks Investment Research Thu, 25 Jul 2024 10:20:47 -0400 Sentiment: Positive |
| What's in Store for SBA Communications (SBAC) in Q2 Earnings? SBA Communications' (SBAC) Q2 earnings are likely to have benefitted from the secular growth trends of the wireless industry, though high interest rates may have hurt it. Source: Zacks Investment Research Wed, 24 Jul 2024 13:45:40 -0400 Sentiment: Negative |
| Let The REIT Rally Begin REITs are finally surging! Interest rates are expected to be cut significantly in the near term. I explain why I think that this is just the beginning of the rally. Source: Seeking Alpha Sat, 20 Jul 2024 08:30:00 -0400 Sentiment: Positive |
| 3 REITs to Buy Now Real estate investment trusts (REITs) can be a great way for investors to earn a steady income. It's important to diversify your portfolio. Source: InvestorPlace Wed, 17 Jul 2024 06:12:00 -0400 Sentiment: Positive |
| Very Good News For REIT Investors REITs have been in a bear market for two years. But we recently had some excellent news that suggests that REITs could soon recover. I present some of my favorite opportunities to buy today. Source: Seeking Alpha Sat, 13 Jul 2024 07:45:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 256.3366 52 Week Low: 182.7328 Beta: 0.643 50 Day MA: 197.8914 200 Day MA: 214.363 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.527 Qtr Revenue Growth YOY: -0.026 Forward PE: 40.8163 Trailing PE: 41.3053