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SBA Communications (SBAC) Showing Resistance Near $161.44

Mar 08, 2018 ( via COMTEX) --

For a hedged play on SBA Communications (<a href="">SBAC</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Apr 20, 2018 $155 covered call for a net debit in the $151.37 area. That is also the break-even stock price for the covered call. This trade will return 2.39%, or 20.35% annualized (for comparison purposes only), in 43 days. This covered call also provides 4.66% downside protection. The current 52-week low is $114.18 and the 52-week high is $177.67. SBA Communications stock has been showing support around $154.68 and resistance in the $161.44 range. The stock closed Mar 7, 2018's trading session at $158.77. Technical indicators for the stock are bearish and S&P gives SBAC a 3 STARS (out of 5) hold ranking.

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