Wednesday, August 14, 2013

SBA Communications - Falling Wedge Setup

(SBAC) has set up in a bullish falling wedge pattern.  Given the choppy action in the general market, this is for a short term scalp trade.

There's a decent short interest in the stock with 12.4% of the the float shorted.   It triggers over $73.64.

Always use stops to protect from big losses.

Click on charts to enlarge:


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