Crown Castle CCI is a real estate investment trust and provider of shared communications infrastructure (cell phone towers) in the United States. CCI is scheduled to report their latest quarterly numbers after the close of trading Wednesday. Let's check out the charts and indicators to get a sense of what traders are doing.
In the daily bar chart of CCI, below, we can see the weak price action over the past 12 months. The shares turned decidedly weaker from the middle of August. CCI is trading below the bearish 50-day moving average line (negative slope) and below the bearish 200-day moving average line.
The On-Balance-Volume (OBV) line turned lower from the middle of September. The Moving Average Convergence Divergence (MACD) oscillator is bearish but could signal a cover shorts buy signal.