CCI stock: buy or sell
Jul 29th, 2021
CCI stock brief
- Crown Castle International stock barely moved -0.84% to close at $192.93 on the stock market on Wednesday.
- Crown Castle International released its financial report on Wednesday
- From the chart point view, price is drawing a scaled uptrend since last March with higher tops and higher bottoms. This rally marked a 34.04% gain
- Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U. S. market.
Should I buy Crown Castle International stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CCI stock a buy?
Currently, Crown Castle International stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $CCI will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Crown Castle International stock?
"To sell or not to sell", if you are holding Crown Castle International stock?. Just as when we have to buy shares, deciding when is the best time to sell is not a whimsy decision, and we must adhere our own trading style. When selling, as well as buying, our setups are very easy to use and are only valid for selling shares in your porfolio, not for shorting $CCI stock
A golden rule is that you must never hold an open trade that yields losses greater than those expected upon purchase. The moment to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Crown Castle International stock?
In the current situation of Crown Castle International there is not any eligible sell setup, so Crown Castle International stock holders with operations in green can keep their positions
Crown Castle International ratings
We don't have any rating published in the last 30 days for Crown Castle International
Crown Castle International stock analysis
Crown Castle International shares started an uptrend last March, and grew an amazing 34.04%. The price shows higher peaks and troughs, and along the way provided very few buying opportunities for those who wanted to enter. Latest low was last May, when price bounced at $176.96. Currently, the price moves in a consolidation between its last top ($204.62) and its last bottom ($176.96)
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price broke down the lower band last Monday, the price rebounded by 1.54%. The price is moving very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 42.16. Crown Castle International stock sank a 3.01% since that level was lost
Crown Castle International stock price history
Crown Castle International started trading on Aug 18th, 1998 at $9.89 per share1. Since then, CCI stock surged by 1,850.76%, with an average of 84.13% per year. If you had invested $1,000USD in Crown Castle International stock at that time, it would have a value of $19,507.58 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Crown Castle International stock
Nobody knows how much a share will be priced tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price predictions released by brokerage institutions for the last 30 days. Again, these predictions are not direct recommendations for individual traders and should not be followed blindly.
We don't have any target price published in the last 30 days for Crown Castle International.
Earnings and financials
Crown Castle International ($CCI) had the financial event and presented the report on Wednesday. CCI surpassed market estimates and posted of $1.71, that is a 147.83% increase compared to the initial forecasts of $0.69. However, reported revenues of $1.6 billion were in line with Wall St. estimates.In contrast, the EPS for the same quarter last year was $0.41, so current EPS means a increase of 317.07%. Revenue climbed a 9.93% on an annualized basis in the , from $14.4B to $15.8B last quarter.
CCI ($CCI) will host the Q3 earnings call next October. Wall Street analysts estimate of $0.74, that is a 56.73% lower than Q2.
Crown Castle International performance
|Crown Castle International ($CCI)||-2.60%||4.20%||24.40%|
Important note:The comments written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the specific scenarios of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for education reasons only
|Wednesday, July 28th, 2021|
|Day range||$191.91 - $194.84|
|Average true range||$4.30|
|50d mov avg||$195.01|
|100d mov avg||$184.28|
|200d mov avg||$170.74|
|Earnings date||October 19th, 2021|