Barchart.coms Chart of the Day - SBA Communications
(SBAC)
The "Chart of the Day" is SBA Communications (SBAC), which showed up on
Monday's Barchart "52-Week High" list. SBA Communications on Monday edged to a
new 12-year high of $56.00 and closed up 1.63%. TrendSpotter has been long since
June 15 at $53.72. In recent news on the stock, Barron's on May 20 mentioned SBA
Communications as a stock that is a candidate for REIT conversion that could
offer upside for investors. Macquarie on May 24 upgraded SBA Communications to
Outperform from Neutral and raised its target to $60 from $56 based on valuation
and growth. Canaccord on May 24 recommended buying cell tower stocks including
SBA Communications because tower companies should benefit from cell carrier
deployment of 4G LET nationwide networks and from upgrade activity at T-Mobile
and Sprint. SBA Communications, with a market cap of $6.5 billion, is a leading
independent owner and operator of wireless communications infrastructure in the
United States.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart links for further information:
Quotes and Charts
Quote
Detailed Quote
Chart
Technical Analysis
Technicals Summary
Trader's Cheat Sheet™
Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies
Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual
Chart of the Day Archive
View Past Chart of the Day Reports
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Barchart links for further information:
Quotes and Charts
Quote
Detailed Quote
Chart
Technical Analysis
Technicals Summary
Trader's Cheat Sheet™
Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies
Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual
Chart of the Day Archive
View Past Chart of the Day Reports
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