As bonds continue to move higher and interest rates lower, 
XLRE and REITS in general have been showing strength. 
SBAC Has been on my radar for awhile and the breakout has finally happened. I believe that a position over prior resistance offers a good risk/reward ratio here and I like the stock long to the 0.786 Fib extension which happens to be just about the peak to trough decline level from the resistance to the base. Good Luck.
XLRE and REITS in general have been showing strength. SBAC Has been on my radar for awhile and the breakout has finally happened. I believe that a position over prior resistance offers a good risk/reward ratio here and I like the stock long to the 0.786 Fib extension which happens to be just about the peak to trough decline level from the resistance to the base. Good Luck.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.