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Bull Flag Setting Up in Crown Castle (CCI)

Bull Flag Setting Up in Crown Castle (CCI)

by | Nov 16, 2021 | Chart SetUps

Crown Castle (CCI) bull flag forming above the rising 21-EMA and just below a volume gap that has room to run back to $188 and then yearly POC at $195. RSI is working out of a narrow range and MACD is elevated but not yet near overbought conditions. CCI ran strong in the Spring up to $200 before pulling back to a major volume node at $167 and bouncing. CCI has seen some notable insider buys since July including a $2.1M purchase at $191.50 and a $200K buy at $178.66 in October.