Crown Castle International Corp. ($CCI) - Overbought - views

Crown Castle International Corp. has hit a technical signal on 3 different technical indicators. CCI is in the Consumer Services sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $51.37 on Feb 17.

There are currently 21 analysts covering the company. Of these analysts, 16 have a buy recommendation. The current consensus estimate for quarterly earnings among the 21 analysts covering the stock is $0.17 per share. Last quarter the company earned $0.12 per share. The consensus estimate for this years earnings is $0.52 per share as compared to the next years' expectation, of $0.81 per share. The consensus estimate for next years earnings is $0.81 per share, which represents forecast growth of 55.8%.

Over the last 52 weeks, the stock has been trading between $36.38 and $51.44. More recently in the last 4 weeks, the stock has been trading between $44.92 and $51.44. Yesterday the stock traded between $50.80 and $51.44. The stock currently has a PE ratio of 81.3.

Crown Castle International Corp. is trading 5.3% from its 20-day simple moving average (SMA) of $48.77 and 11.1% from its 50-day SMA and 20.01% from its 200-day SMA. Average daily volume over the last 30 days has been 2,111,183 shares.

At yesterdays close: the RSI was at 84.8, the CCI was at 154.4 and the Fast Stochastic was at 97.8. CCI closed yesterday at $51.37, on volume of 1,488,100 shares as compared to an average volume of 2,111,183 over the last 4 weeks.

Crown Castle International Corp., through its subsidiaries, owns, operates, and leases towers and other wireless infrastructure primarily in the United States and Australia. Its infrastructure includes distributed antenna system (DAS) networks, as well as rooftop installations. The company involves in the rental of antenna space of its towers to wireless communications companies. It also provides network services relating to its towers, which primarily include antenna installations and subsequent augmentations, as well as additional services, such as site acquisition, architectural and engineering, zoning and permitting, other construction, and other services related network development. As of December 31, 2010, it owned, leased, or managed approximately 23,900 towers, including 43 completed DAS networks. The company was founded in 1994 and is headquartered in Houston, Texas.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.