SBA Communications - Barchart's Chart of the Day

Summary:

SBA Communications (SBAC) is the Chart of the Day.  Wall Street projects double digit growth in both revenue and earnings this year.  The stock has a Trend Spotter buy signal as well as 100% Barchart technical buy signals.

Article:

Today's Chart of the Day is SBA Communications (SBAC).  The stock has both a Trend Spotter buy signal and 100% Technical buy signals.  17 new highs and a gain of 8.76% in the last month plus a Relative strength Index of 72.93% are great.  The stock is near the top of the New High List when sorted for frequency.

The Company is an independent owner and operator of wireless communications infrastructure in the United States. They generate revenue from two primary businesses -- site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts.

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 technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 8.76% in the last month
• Relative Strength Index 72.93%
• Barchart computes a technical support level at 74.72
• Recently traded at 78.09 with a 50 day moving average of 72.42

Fundamental factors:

• Market Cap $9.87 billion
• Revenue predicted to grow 27.70% this year and another 7.20% next year
• Earnings estimated to increase 45.70% this year, an additional 47.40% next year and continue to increase 17.00% annually for the next 5 years
• Wall Street analysts issued 8 strong buy, 1 buy and 1 hold recommendation
• Financial Strength C++

Sell is you lose 10% or the stock drops below its 50 day moving average.