Let's check out the charts Monday morning of this real estate investment trust and provider of shared communications' infrastructure.
In the daily bar chart of CCI, below, we can see that the stock has quickly recouped the vast majority of its February-March losses and is now close to making new highs for the year. Prices are above the 50-day and 200-day moving average lines.
The trading volume surged in late February and March and suggests that we had capitulation-like turnover. The On-Balance-Volume (OBV) line is interesting in that while it has only been steady since the middle of March it also did not decline all that much from February. This suggests that investors largely held their positions.
The Moving Average Convergence Divergence (MACD) oscillator is above the zero line in positive territory but the two moving averages that make up this indicator have begun to narrow.