The Chart of the Day belongs to Crown Castle International (CCI). I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 8/18 the stock gained 1.33%.
CCI is a leading owner and operator of towers and transmission networks for wireless communications and broadcast transmission companies. The company owns, leases or operates towers in the United States, Puerto Rico, and the United Kingdom. The company's customers currently include many of the world's major wireless communications and broadcast companies, including Bell Atlantic Mobile,BellSouth, AT&T Wireless, Nextel, Metricom and the British BroadcastingCorporation.
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
- 3 new highs and up .76% in the last month
- Relative Strength Index 61.67%
- Barchart computes a technical support level at 80.64
- Recently traded at 81.25 with a 50 day moving average of 78.53
Fundamental factors:
- Market Cap $27.12 billion
- P/E 110.27
- Dividend yield 1.74%
- Revenue expected to grow 19.60% this year and another 4.20% next year
- Earnings estimated to increase by 265.40% this year, an additional 57.90% next year and continue to increase at an annual rate of 7950% for the next 5 years
- Wall Street analysts issued 5 strong buys, 6 buys and 8 hold recommendations on the stock
The stock's momentum is very erratic. Closely watch the 50 and 100 day moving averages.
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