SBA Communications saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 79 to 89.
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IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or better RS Rating as they launch their biggest price moves.
SBA Communications is working on a saucer without handle with a 252.64 entry. See if the stock can clear the breakout price in volume at least 40% above average.
The relative strength line has moved into new high ground, a positive sign of market leadership.
The company posted -4% EPS growth in the latest quarterly report, while sales growth came in at 1%.
The company earns the No. 10 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Welltower and Ventas 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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