SBAC has been on a strong bull run since the beginning of 2012 and began to be of interest when it broke above $60 later that year.
However, trading it from the daily would have required quite wide stops to accommodate the frequent, fairly prolonged and deep pullbacks. The set-up in the last few days looks promising but I would want to wait and see a more linear trend develop before risking my capital on this one.
However, trading it from the daily would have required quite wide stops to accommodate the frequent, fairly prolonged and deep pullbacks. The set-up in the last few days looks promising but I would want to wait and see a more linear trend develop before risking my capital on this one.