SBA Communications Corp

SBAC remains in a Stage 3 deterioration phase after failing to reclaim key moving averages and breaking below the $185 support zone on elevated volume. The medium- and long-term directional bias is bearish, reinforced by a Support Failure pattern and price below the 20 and 50-day EMAs. Short-term conditions also favor further downside, with momentum indicators trending lower and no signs of exhaustion. Execution is recommended now on bearish continuation, targeting rallies into broken support around the $185–$187 area.

• ↑Q2 revenue $663.9m (+5.1% YoY), net income $198.8m; FFO/share $3.05.
• ↑Projected ~$35m incremental domestic leasing revenue from 5G expansions.
• ↓International churn elevated amid carrier consolidations, weighing on foreign revenues.