DailyPlay – Crown Castle International (CCI) – November 10th, 2021

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The bullish DailyPlay for Wednesday, November 10th is Crown Castle International (CCI). CCI is part of the Real Estate sector that has experienced an 8.3% gain in the last month. 

Technical View

• Pullback to 21 D EMA and bounce is constructive for continuation higher.
• Improving Technical Score
• Bullish 1M trend.

Fundamental View

• Well positioned to leverage growing wireless network development spend
• Core leasing network expected to grow by 50% in 2022
• Earnings Jan 26, 2022 (76 days)

As this is a credit spread, look to take profits at 50% gain and cut losses at 100%:

• Take Profits: $1.67 Debit
• Stop Loss: $7.70 Debit

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