One important metric to look for in a stock is an 80 or higher Relative Strength Rating. SBA Communications cleared that benchmark Friday, with a jump from 77 to 82 Friday.
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This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their biggest runs.
SBA Communications is trying to complete a saucer with handle with a 245.16 entry. See if it can break out in volume at least 40% higher than normal.
The company posted -4% earnings growth in the latest quarterly report, while sales growth came in at 1%.
SBA Communications earns the No. 22 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Welltower and Sabra Healthcare REIT are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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