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 75 to 88 Friday.
This unique rating tracks market leadership 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 reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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SBA Communications is building a saucer without handle with a 252.64 entry. See if it can clear the breakout price in heavy volume.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 3%, compared to -1% in the prior report. Revenue increased from -2% to 3%. Look for the next report on or around Apr. 28.
SBA Communications holds the No. 12 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Curbline Properties and Omega Hlthcare Investors 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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